Tiso under fire over job cuts amid negotiations

The Federation of Unions of South Africa (Fedusa) is calling on Tiso Blackstar Group [JSE:TBG] to halt retrenchment proceedings amid ongoing consultations with affiliate, the South African Typographical Union (SATU).

The federation is of the view that continuing with the retrenchments is in flagrant breach of discussions that were instituted in terms of Section 189A of the Labour Relations Act with SATU.

Fedusa said that during consultations, management has not demonstrated any sensitivity towards the plight of workers threatened with the loss of their jobs.

"The insensitive determination to proceed with these retrenchments flies in the face of clear commitments to save jobs, made by both government and the private sector at the Presidential Jobs Summit in October last year," said Fedusa acting general secretary Riefdah Ajam in statement.

"Furthermore, Tiso Blackstar is violating our affiliate’s organisational rights by threatening to stop processing members’ subscriptions."

Tiso Blackstar is currently in the process of section 189 process in terms of the Labour Relations Act, which allows employers to dismiss employees in order to keep operations going in a sustainable manner. According to the Labour Relations Act, the subscription amount payable by the members a union can be calculated as a percentage of an employee's salary or, if there are two or more registered trade unions party to the agreement, the highest amount of the subscription that would apply to an employee.

SATU general secretary Edward De Klerk it is a matter of great concern that Tiso Blackstar seemed determined to condemn workers to the rank of the jobless in the context of extremely high levels of unemployment and slow economic growth in the country.

Tiso Blackstar is home to award-winning publications such as the Sunday Times, Business Day and Financial Mail.

ZAR/USD
16.55
(+0.78)
ZAR/GBP
20.92
(+0.37)
ZAR/EUR
18.93
(+0.67)
ZAR/AUD
11.62
(+0.40)
ZAR/JPY
0.16
(+0.47)
Gold
1807.86
(-0.06)
Silver
19.25
(-0.03)
Platinum
830.00
(+0.18)
Brent Crude
43.06
(+0.42)
Palladium
1963.00
(+0.31)
All Share
56374.05
(+1.52)
Top 40
52048.69
(+1.59)
Financial 15
10697.88
(+1.61)
Industrial 25
76413.30
(+1.19)
Resource 10
54358.32
(+2.14)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
I'm not really directly affected
18% - 2134 votes
I am taking a hit, but should be able to recover in the next year
23% - 2732 votes
My finances have been devastated
35% - 4140 votes
It's still too early to know what the full effect will be
25% - 2966 votes
Vote