Eskom has reportedly offered some managers voluntary severance packages, capping costs at R400 million, a communique sent to staff by the struggling power utility showed.
Eskom does not generate enough cash to cover its mammoth debt servicing costs and expects to make a loss of about R20 billion this financial year.
Staff levels remain close to what they were when a World Bank study in 2016 found that Eskom was potentially 66% overstaffed.Under pressure from trade unions, President Cyril Ramaphosa said last year that voluntary severance packages would be the preferred method to cut costs at Eskom, rather than layoffs.
While Ramaphosa kept his promise to address governance issues at state-owned companies, most notably with the appointment of Andre de Ruyter as permanent chief executive officer of Eskom, the financial crises at the firm continues.
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