job cuts

MUN to Negotiate Kombat Mine Retrenchments

The Mineworkers Union and Kombat Mine will enter negotiations on the conditions surrounding the retrenchment of 533 workers. One Africa TV’s NewsOnOne journalist, Hertha Ekandjo, reports that this comes after the mine initially intended to carry out the retrenchments without consulting the union. Amupweya told our reporter Hertha Ekandjo from NewsOnOne that such conditions are important for a fair process, and would not have been possible had persisted with its […]

February 14, 2025 33

World

Fewer than five per cent of US federal workers take payout scheme to resign

The Trump administration will have 75,000 fewer federal workers by September, as part of a payout scheme. They've decided that people must return to in-person work and offered a deal to those who don't want to. Caroline Malone reports.

February 14, 2025 36

Business / Economics

Oil giant Chevron slashing up to 20% of its global workforce

Mass layoffs coming to Chevron. The oil major says it's slashing up to 20% of its global workforce as part of a cost-cutting effort. It's the last oil and gas company to cut headcount among lower prices. Toni Waterman has more.

February 13, 2025 39

South Africa

South African Union Warns of Job Cuts’ Impact on Steel And Auto Industries

South African metalworkers union Numsa says ArcelorMittal South Africa’s planned job cuts in Newcastle, KwaZulu-Natal, and Vereeniging, Gauteng, could devastate the steel and auto industries and harm communities. The company intends to cut 35-percent of its workforce, citing structural challenges in its long steel business. Numsa spokesperson Phakamile Hlubi-Majola vows to fight the retrenchments, urging collaboration to protect manufacturing capacity and prevent economic fallout:

January 7, 2025 31

Business / Economics

South Africa’s Telkom completes first phase of retrenchment process

South Africa's Telkom has completed the first phase of its retrenchment process, affecting one-thousand-800 jobs. The telecoms giant reported a 1.9-percent revenue growth to 21-billion-rand, driven by strong revenue performance. CEO Serame Taukobong says the focus is on cutting operational costs and improving revenue mix to build a resilient company:

November 19, 2024 21

Business / Economics

Airbus to cut 2,500 jobs

Airbus will cut up to 2,500 jobs in its defence and space division, the airspace giant announced on Wednesday. The company blamed the move on a "complex business environment", citing rising costs and "rapid changes in warfare." Here's Sally Patterson with more.

October 17, 2024 30