Eskom’s New CEO Takes First Step to Trim Outsized Wage Bill

  • South African utility offers voluntary severance to managers
  • Eskom needs to make more staff cuts, labor adviser Levy says
Andre de RuytePhotographer: Dwayne Senior/Bloomberg
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Eskom Holdings SOC Ltd.’s new boss has taken a first step to reduce the indebted South African power utility’s bloated wage bill while avoiding a potential clash with labor unions.