Finance Minister Tito Mboweni: Eskom needs to cut 30 000 jobs

Finance Minister Tito Mboweni: Eskom needs to cut 30 000 jobs

- SA's Finance Minister Tito Mboweni says that cutting jobs is the only way to get Eskom's financial books balanced

- Mboweni proposed that Eskom cut 30 000 jobs

- Currently, Eskom's workforce stands at 50 000

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Tito Mboweni announced that in an effort to deliver better service, power utility Eskom will have to cut jobs.

Mboweni stated that it makes no sense that so much of Eskom's expenditure goes for salaries. That leaves little funding for the things that matter - like public service.

The Finance Minister is in a difficult position: He must help pull South Africa out of a technical recession while not upsetting the ANC's trade union partners.

This won't be easy.

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According to a report by The South African, Mboweni said the public sector wage bill is way too big for a country struggling financially.

Mboweni went on to say the Eskom's workforce is bloated and can't be sustained. He then said that 30 000 jobs would have to be cut if the financial books are to be stabilised.

At this point, Eskom's workforce is almost 50 000 strong.

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