- Eskom has decided to cut down on its top executives to save on its wage bill
- The number will go down from 21 to 9 in an effort to make the power utility more efficient and sustainable
- Eskom won't be cutting on other staff members at this point in time
In a bid to save the failing power utility, Eskom decided to cut down on its top executives. Group CEO, Phakamani Hadebe, announced this news on the 23rd of December.
According to Hadebe, Eskom's executive management did an extensive consultation that started in November, and the new structure of executives has been approved by the board.
This is part of Eskom's plan to become more sustainable, efficient, and effective. Eskom's wage bill will be significantly lower.
This was not an easy process and I appreciate the patience and support of all those involved as we worked to conclude matters as efficiently as possible. We have managed to reduce the number of F-band positions from a total of 21 to nine by way of regrading or combining roles.
The new structure, along with our strategy, sets us on a path towards stability, and with an executive team that is refocused on improving operational efficiencies and reducing costs to improve profitability and drive the economy forward
IOL News reported that all senior general management roles have been eliminated. Dave Nicholls, Head of Nuclear Energy, are one of those who got retrenched.
Briefly.co.za gathered that Eskom's job cuts are limited to its executive management.
According to a report by EWN, Khulu Phasiwe, Eskom's spokesperson, said the board decided that its other layers of staff are not included in job cuts.
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