The Bosasa story is final proof that the ANC is beyond redemption, writes Adriaan Basson.
Morning clouds. Mild.
200,000 jobs will go in the US the next decade, replaced by Artificial Intelligence (AI) and machines - South Africa is next.
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.
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 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 has announced plans to cut its workforce by 12% by 2020 as part of a push to reduce spending.
Proposed retrenchments by Impala Platinum will have a devastating domino effect on communities and businesses.
Only a fifth of those who could lose their jobs at South Deep mine, western Johannesburg, would be able to find other jobs.
"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.
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.
The mining bloodbath is continuing, with Sibanye Gold announcing a restructuring plan that could see about 7 400 jobs being cut.
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.
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 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.
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.
Venezuelan workers who earned a pittance are now earning a slightly larger pittance, thanks to a big increase in the minimum wage.
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.
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 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.
African Bank has reduced its staff complement by 636 full-time employees through a restructuring programme.
We live in uncertain times and some people will unfortunately find themselves being retrenched. What is the best way to deal with such a situation?
Western CapeADA Recruitment & HR Solutions
Western CapeWillearnR33 000.00 - R40 000.00 Per Month
Western CapeO'Dwyer Personnel
R 3 950 000
R 3 275 000
R 4 995 000
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