Sapo's strategic plan involves retrenchments and early retirements
Post office top brass briefed the Postal Services Committee on its new plan to get out of debt.
CAPE TOWN - The South African Post Office (Sapo) said it will try to convince some officials to take early retirement or retrenchment packages in order to cut costs.
Post office top brass on Tuesday briefed the Telecommunications and Postal Services Portfolio Committee on its strategic plan.
The Sapo delegation led by administrator Simo Lushaba gave a comprehensive plan to try and haul the state-owned entity out of debt.
Lushaba said it will need to borrow over R1 billion and has already begun the process.
He said there will be structural changes including staff reductions.
"We have to move people from positions that are affected to the vacancies that are not affected."
Lushaba adds there will be much discussion with the unions.
"We are first offering early retirement and voluntary packages. We will then see how far that process takes us."