Opinion

Job cuts alone will not rescue flailing SOEs

11 April 2021 - 00:00 By Sunday Times Editorial

A number of state-owned enterprises (SOEs) are in the throes of pandemic-fuelled change, whittling down staff complements in line with their diminished earning capabilities. The pandemic has helped bring to the surface what seems to be chronic dysfunction in these companies.

SAA has just spent R1.5bn on severance packages for about 3,700 employees. PetroSA met unions on Friday as part of its section 189 process to retrench about 500 employees...

This article is reserved for Sunday Times subscribers.

A subscription gives you full digital access to all Sunday Times content.

Already subscribed? Simply sign in below.

Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.



Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.