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Eskom to consider 'voluntary retrenchments' from Feb

As the power giant’s financial situation worsens, it has offered staff voluntary retrenchment packages.

FILE. As the power giant Eskom's financial situation worsens, it has offered staff voluntary retrenchment packages. Picture: EPA

JOHANNESBURG - Eskom says voluntary retrenchment packages will be considered in February next year on a case by case basis.

The utility has offered its staff packages as its financial situation worsens.

But the power giant says operational requirements will be considered, to ensure core skills are not lost.

Eskom has been faced with fuel shortages, rolling blackouts and just this week it warned that load shedding could continue well into March next year.

It says it has a crisis on its hands and it's not only about the unstable power system, it's also about major financial losses.

This week, the utility released its financial report, showing it made a profit of R9.3 billion in the first six months of the financial year.

But this is down by 24 percent, compared to the same period in 2013.

Eskom's Andrew Etzinger says they need to cut costs and that's why they're offering retrenchment packages.

"We're intensively interrogating every cost within the business, one of which is man power costs."

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