Court dismisses Numsa bid to prevent SAA job cuts

2020-02-20 18:38

The Labour Court has dismissed an urgent application by Numsa and the SA Cabin Crew Association, as the unions seek to stop SAA and its business rescue practitioners from cutting jobs at SAA.

More than 1 000 job cuts finalised, says Africa's biggest steel company Arcelormittal

2020-01-23 18:52

Arcelormittal SA said on Thursday it had finalised the job cuts it announced in 2019.

AMCU's Mathunjwa: Government to blame for Sibanye job cuts

2019-09-26 21:30

AMCU president Joseph Mathunjwa said the union opposed the Sibanye-Lonmin merger with no support from government, adding that the government could not claim to be dismayed by job cuts that it failed to prevent.

Think before you trim, Sanef warns media houses on job cuts

2019-05-14 16:39

The South African National Editors Forum urged media companies to come up with more creative ways of rescuing their ailing businesses rather than resorting to job cuts.

Nomura job cuts begin as CEO unveils plan to save $1bn

2019-04-04 18:51

Nomura Holdings has unveiled plans to cut $1bn of costs at its struggling investment bank, firing dozens and pulling back from businesses as it embarks on yet another sweeping overhaul of its international operations.

Ramaphosa vows to address fears over job cuts at Eskom

2019-02-11 19:08

President Cyril Ramaphosa has pledged to address fears over job cuts at Eskom, adding that all South Africans must pull together to save to power utility - paying for electricity like they would for airtime.

After getting 3 000% wage hike, workers fired in Venezuela

2018-09-17 10:58

Venezuelan workers who earned a pittance are now earning a slightly larger pittance, thanks to a big increase in the minimum wage.

Job cuts will create more consultants, Cosatu warns

2018-08-19 10:13

Cosatu is warning that job cuts in the public sector will lead to a skills exit, leaving departments with no option but to rehire those who left to work as consultants.

Gold Fields punished as miner forced back to the drawing board on South Deep

2018-08-14 15:51

Investors dumped Gold Fields stock as the miner is forced to come up with another plan to save its massive South Deep mine after years of losses and failed turnarounds.

Eskom: We are not restructuring debt

2018-07-04 20:39

Eskom has fired back at reports that it is restructuring or extending its debt, or that it is planning to cut up to 15 000 jobs.


Numsa pulling 'publicity stunt' with accelerated retrenchment claims - SAA lawyer

2020-02-13 19:33

The National Union of Metalworkers of SA and the SA Cabin Crew Association filed an urgent court application to block job cuts at the national carrier earlier in the week.

Bruce Whitfield: Machines promise a ‘golden age’ for banking – and that is very bad news for bank employees

2019-10-03 10:33

200,000 jobs will go in the US the next decade, replaced by Artificial Intelligence (AI) and machines - South Africa is next.

VW to cut as many as 4 000 jobs as part of digital transition

2019-06-05 10:46

Volkswagen's main car brand said it will cut as many as 4 000 general and administrative jobs in Germany - fewer than previously indicated - while adding at least 2 000 IT positions over the next four years and extending a job guarantee until 2029.

Union chastises SA Express over 'unilateral job cuts'

2019-04-05 20:21

The South African Transport and Allied Workers Union on Friday slammed SA Express acting CEO Siza Mzimela’s reported plans to cut jobs at the airline.

Sibanye Gold may cut over 6 000 jobs after losses

2019-02-14 19:38

Sibanye said earlier this week that it was considering shutting unprofitable shafts and cutting jobs at its South African gold mines amid a three-month-old wage strike that’s curbing output.

Thomson Reuters to cut 3 200 jobs by 2020, offer fewer products

2018-12-04 21:11

Thomson Reuters has announced plans to cut its workforce by 12% by 2020 as part of a push to reduce spending.

Job cuts kill towns

2018-08-26 07:42

Proposed retrenchments by Impala Platinum will have a devastating domino effect on communities and businesses.

Sword of Damocles hangs over miners' heads

2018-08-19 06:03

Only a fifth of those who could lose their jobs at South Deep mine, western Johannesburg, would be able to find other jobs.

Amcu warns Implats: Gloves will be off should job cut talks fail

2018-08-07 11:21

"We will hit where it matters most... [the] gloves will be off,” Joseph Mathunjwa, president of the Association of Mineworkers and Construction Union has warned Impala Platinum over looming job losses.

Job cuts, debt extensions on the cards for Eskom

2018-07-03 21:41

The cash-strapped power utility is reportedly considering asking for extensions on some of its debt, with management discussing laying off around 15 000 workers.

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