It said Transnet's inability to support the industry because of a deteriorating rail network and other logistical factors was hurting the mining industry.
CAPE TOWN - Trade union federation COSATU said tens of thousands of jobs in the mining sector remain at risk because of failing Transnet.
It said Transnet's inability to support the industry because of a deteriorating rail network and other logistical factors is hurting the mining industry. The federation also wants a CEO without any scandals to replace Portia Derby, who resigned from Transnet last month along with other senior executives.COSATU spokesperson and parliamentary coordinator Matthew Parks said mining companies are already in the process of laying off workers.
"It's very real. already about three or four mining companies issued retrenchment notices totalling about 3,500 workers and we see reports that indicate it could be about 55,000." On Eskom, which is also searching for a new CEO, Parks said there's still a long way to go but the company is improving.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Transnet needs to find a CEO without any ‘baggage’ or ‘scandals’The trade union federation warned of a 'very real' looming jobs bloodbath due to Transnet's poor performance, urging the entity to find a new CEO that was an 'expert on the issue'.
Read more »
Nedbank account holders’ affinity helps thousands of children savour nutritious mealsWATCH | Nedbank account holders’ affinity helps thousands of children savour nutritious meals
Read more »
Kenya: Senator Roba Calls for Urgent Disaster Response as Floods Displace Thousands in North KenyaUnited Democratic Movement (UDM) Party leader Senator Ali Roba has urged the government to upscale disaster response in northern Kenya where thousands have been displaced by floods in the ongoing rains.
Read more »
Africa Live: Thousands trapped in Somalia flash floodsAuthorities say the floods have caused widespread damage and appeal for support - and more.
Read more »