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Retrenchment Crisis – Solidariteit Wêreld

Tens of thousands of jobs at hundreds of companies are currently affected by retrenchment processes and employee confidence is at a three-year low. That is according to trade union Solidarity’s concise report on the current retrenchment crisis released at a media conference in Pretoria today. According to this report compiled  ... Read more

The post At least 45 000 jobs already under fire this year – Solidarity appeared first on Solidariteit Wêreld.

The most important findings in this concise report are: From media reports and members’ feedback, Solidarity is currently aware of retrenchments at 220 employers at the very least. From media reports alone, it seems that more than 45 000 positions have already been implicated in staff reduction processes this year. Local  ... Read more

The post Report: Retrenchment crisis appeared first on Solidariteit Wêreld.

At an emergency meeting held this week, trade union Solidarity was requested to form part of a crisis task force to save the struggling local steel industry. This task team, which also consists of representatives from Numsa, Seifsa and ArcelorMittal, has been tasked with finding solutions for the industry. The  ... Read more

The post Task team established to save steel industry – Solidarity appeared first on Solidariteit Wêreld.

ArcelorMittal SA has an “ambitious” plan to invest R4, 5 billion over the next five years and create 700 jobs, says CEO, Paul O’Flaherty. The steel maker would inject about R1,1 billion into its Saldanha steel mill in the Western Cape.   The funds, to be raised through bonds and alternative  ... Read more

The post Possible cash injection for ArcelorMittal appeared first on Solidariteit Wêreld.

The Solidarity Research Institute (SRI) has embarked on initial research on the extent of retrenchments and other types of staff reductions in the current business environment in South Africa. We need the assistance of our members in this regard. Are you aware of retrenchments or other staff reduction initiatives at  ... Read more

The post Are you aware of impending retrenchments / staff reductions? Please let us know. appeared first on Solidariteit Wêreld.

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