The Congress of South African Union- COSATU has reacted to reports that President Cyril Ramaphosa’s administration is planning to retrench 30,000 workers.
The Union’s chief public-sector wage negotiator, Mike Shingange, in a statement said the union will make sure that its members do not accept the voluntary early retirement offers.
Shingange in his statement expressed that
We are going to mobilise all public sector and unions through the federation. And at the next central executive committee meeting, the matter will have to be raised with a view of initiating a meeting with the government urgently.
Government officials with details of the layoffs plan said that Treasury has set aside four billion South African rands in this financial year to begin the process of issuing severance packages. It is hoped that the layoffs will reduce the government’s wage bill.
Image Credit:CNBC.com
