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Eskom seeks reduced staff costs

Even as it ditches job-cuts plan.

Eskom said it will look for ways to reduce staff costs other than cutting jobs after the South African state-owned power utility halted a plan to offer workers voluntary retrenchment deals.

Eskom, which supplies more than 95 percent of power to the continent’s most-industrialised economy, rejected applications by 2,493 employees for redundancy deals in February as the Johannesburg-based company decided against losing the workers’ skills, Khulu Phasiwe, a spokesman for Eskom, said by phone Friday. The company approved packages for 443 staff, most of whom were over the age of 60, after inviting applications for retrenchments in 2014, Eskom said in an e-mailed statement. The company employs 41,993 people.

“Eskom still requires the savings that those voluntary separation packages were modeled to generate,” it said. The company will seek further “opportunities for saving in the manpower operating-cost space.”

Eskom needs to reduce cost as it faces a R225 billion shortfall for the five years through 2018 and battles to supply adequate power.

©2015 Bloomberg News

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If they only show the finger to Gupta and buy coal at current market prices they will save enough to pay overpaid, inefficient, lazy, incompetent staff.

Now the poor Eskom ouks must go hungry because they can’t eat at the Gupta Breakfast Show any more. (By the way, what actually HAPPENED to all those monthly breakfasts? Did they crash completely after Eskom stopped its sponsorship? We don’t see the talking heads of ministers (munching down a piece of toast and Marmelade) on SABC any more…

End of comments.

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