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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

retrenchments

4 Results / Page 1 of 1

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South Africa

Cosatu Welcomes Dip in Unemployment Rate in South Africa

    S A. Union Cosatu says the slight dip in the unemployment rate is a welcome reprieve, coming on the back of three consecutive quarters of job losses. About 294-thousand more people were employed in the third quarter of this year. Cosatu’s, Matthew Parks, says unemployment remains dangerously high among young people. He says the private sector needs to come to the party by halting the flood of retrenchments […]

todayNovember 13, 2024 14

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South Africa

South African Post Office Halts Retrenchments Saving Thousands of Jobs

The South African Post Office has reached an agreement with unions to suspend retrenchment notices for a minimum of 12 months, preserving approximately 4,700 jobs. In a significant move, the Post Office's business rescue practitioners have applied for assistance from the Unemployment Insurance Fund's Temporary Employment Relief Scheme. Under this arrangement, the scheme would cover 75% of workers' salaries, with the Post Office contributing the remaining 25%. Anoosh Roopla, the […]

todayApril 25, 2024 23

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Business / Economics

B2Gold Otjikoto mine to retrench 300 workers

B2Gold Otjikoto Mine, the country’s largest gold producer, is set to start with the voluntary retrenchment of 300 employees. Last year, the mine announced its plans to embark upon a phased closure of open mining due to depleted ore reserves, but it did not disclose the number of workers to be affected, as consultations with stakeholders were still ongoing at the time. Here is John Roos B2Gold Namibia's Country Manager […]

todayApril 24, 2024 115

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Namibia

B2Gold Layoffs: How Will It Be For the Affected Workers And Community?

B2Gold Namibia disclosed that the voluntary retrenchment initiative at its Otjikoto mine near Otjiwarongo, commenced in March last year, is set to persist throughout 2024. It clarified that the ongoing phase continues to be voluntary, with mandatory retrenchments scheduled for 2025. We sought Labor Expert Herbert Jauch's perspective on the matter. Business Researcher Josef Sheehama also weighed in.  

todayApril 22, 2024 90

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