PetroSA employees urged to get out while they still can
PetroSA has placed voluntary severance packages on the table for all its employees in a bid to cut costs.
CAPE TOWN - While some employees at PetroSA say the voluntary severance packages offered by the cash-strapped parastatal are not satisfactory, they have been advised to take the offer and get out while they still can.
Economist Dawie Roodt says there's a lack of management and funds at the company, and that staff should find another job.
On Friday, PetroSA announced it had terminated its CEO Nosizwe Nokwe-Macamo's contract.
The company has placed voluntary severance packages on the table for all its employees in a bid to cut costs.
But Roodt says it's too little too late.
"If I were an employee at a state-owned enterprise, I would have been very concerned because the state simply ran out of money. PetroSA, like all the other state-owned enterprises, is not well managed. If I were an employee at PetroSA, I would probably try to find a real job somewhere."