PetroSA staff unhappy with voluntary severance packages
The severance package includes two weeks’ pay for every year at the company.
CAPE TOWN - A PetroSA employee has told Eyewitness News that voluntary severance packages offered by the parastatal are not satisfactory.
The cash-strapped fuel producer aims to save costs after suffering a net operating loss of R14.6 billion over the past financial year.
The losses follow plummeting oil prices and feedstock challenges at its gas-to-liquids refinery in Mossel Bay.
PetroSA's Thabo Mabaso says the voluntary severance package offered to all employees is a good deal.
"We've engaged with employees. People are generally willing to support the efforts that the company has put in place."
Mabaso adds management will not release staff-deemed assets and will first assess employees who want to take the deal.
One employee, who wishes to remain anonymous, says many colleagues are not taking the deal because they feel the company is not offering enough in terms of remuneration.
The package includes two weeks' pay for every year at the company.