If we are serious about growing the economy and creating jobs, we need to support these young people – even though they don't seem to expect any help or handouts, writes Melanie Verwoerd.
Showers late. Morning clouds. Mild.
In the annual report the Commission for Conciliation Mediation and Arbitration said it managed to prevent 15 787 retrenchments out of a possible 38 588 during the 2018/19 financial year.
The Mail & Guardian has notified employees about possible retrenchments which, if they take place, are likely to be effected at the end of August.
Many companies have announced job cuts.
Half of the 91 branches that Standard Bank will close are in Gauteng, according to a union representative, as the financial service provider implements a new operating model.
Taking time off is just as important as securing your next job.
How to embrace unexpected change when, at first glance, it doesn’t feel like you have any options.
Pan African Resources will retrench about 1 700 employees by the end of May.
Accept the helping hand if your former employer offers it
AngloGold Ashanti expects to make a half-year loss of up to R1.3bn, partly as a result of the R625m once-off non-cash provisions it has set aside for the retrenchment of about 8 500 workers.
There are practical skills one can apply in order to get another job so that retrenchment need not be the end of the road, explains an expert.
Petrie Marx, Product Actuary at Sanlam, offers tips to mitigate the financial risks if you find yourself facing retrenchment.
Deutsche Bank is cutting 18,000 jobs globally a part of a big restructuring.
It is wise to build an emergency fund for when bad times strike such as retrenchment.
Standard Bank has appointed David Hodnett as group chief risk officer.
Unions say that despite claims by the public broadcaster that the word ‘retrenchment’ is not in the broadcaster’s vocabulary, it is essentially considering retrenchments.
Air Chefs, the catering arm of South African Airways, has launched a consultation process with unions that may lead to job losses.
Unless its transaction with Sibanye-Stillwater is completed soon, platinum miner Lonmin is set to retrench about 12 600 workers between 2018 and 2020.
Losing your job can be earth shattering - especially if you are at the beginning of your career.
Pick n Pay expects half-year headline earnings per share to be down over 20%, after a voluntary severance programme in April 2017 saw the retailer cut back 10% of its roles and functions.
It is wise to consider what you would do if you were to lose your job and how you could prepare for this before it happens.
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R 8 750 000
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