Date: Dec 24, 2018
Eskom is planning to retrench at least 10 senior executives in an effort to cut costs, according to a report in The Sunday Times.
The power utility said a number of senior managers who report directly to Eskom CEO Phakamani Hadebe could be laid off in the near future.
“We are indeed looking at a ballpark figure of about 10 executives but these retrenchments have not yet been finalised,” the company said.
Eskom is reportedly looking at cutting down on senior management after previously acknowledging that it had too many executives.
