Hundreds can lose their jobs at SABC – Report



CAPE TOWN – SABC will fire hundreds of employees, because the public broadcaster struggles to pay service providers.

In a meeting with trade unions on Thursday, SABC management announced that they were forced to dismiss employees because of the organization's poor financial situation, the high number of employees and a huge salary account, among other things.

A trade union official confirmed to News24 that the public service broadcaster had difficulty financing its R1bn plus annual labor costs.

According to an internal memo sent to employees, the broadcaster declares that they are starting austerity measures, even though no further details have been released.

According to the statement, which was issued by Madoda Mxakwe, the public broadcaster said that the decision to cut back was part of the cost savings.

"The next step is for the SABC to enter into a joint consensus to consult with organized labor. We will keep all employees informed of developments in this process," the statement said.

However, according to a News24 report, SABC spokesman Neo Momodu said that the word "cut" & # 39; not even in the company's vocabulary.

"We have informed our employees of the intentions to enter into commitments with trade unions in connection with the cost-saving measures we have taken as a corporation," Momodu told News24.

On Tuesday, September 4, the public broadcaster reported a net loss of R622 million for the 2017/18 financial year, compared with R977m in the previous financial year.

"The turnaround strategy that was developed after the end of the financial year was designed to eventually bring the corporation back to its financial stability," it said in a statement.

"We have developed a robust turnaround strategy that focuses on financial sustainability, restoring integrity, credibility and excellence culture in public service broadcasting." We continue to strive for stabilization of the SABC by reducing operational costs. "

– BUSINESS REPORT ONLINE


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