South Africa's Eskom Consulting Executives on Possible Job Cuts
- Cash-strapped power utility’s board approves section 189 plan
- Costs continue increasing despite largely unchanged output
This article is for subscribers only.
South Africa’s state-owned power utility has started consultations about possible job cuts for executives as the cash-strapped company looks to rein in soaring costs despite stagnant electricity output.
Eskom Holdings SOC Ltd.’s board has approved 60 days of consultations that need to precede potential job cuts under section 189 of the country’s Labour Relations Act, the Johannesburg-based company said in an emailed statement Wednesday.