Denel tries to limit job losses as it exits aircraft components business

A Denel company logo is seen at the entrance of their business divisions in Pretoria. Picture: REUTERS/Siphiwe Sibeko

Denel, which is one of the many parastatals struggling to recover from state capture, has recorded massive losses in recent years. In the past financial year it posted a loss of close to R2bn, with revenue dropping 36%. In the 2017/2018 financial year it suffered a net loss of R1.8bn on a 38% decline in revenue, to R5bn from R8bn the previous year.

“We have really worked hard in trying to keep job losses to a minimum and some of the employees will be transferred to other positions within the Denel group while voluntary severance packages have been offered,” said Kgobe.

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Private-sector business conditions tick up in JanuaryThe IHS Markit PMI shows conditions are still in weak territory, however, amid weaker new orders and stronger cost pressures leading to job losses
ソース: BDliveSA - 🏆 12. / 63 続きを読む »

SAA eyes UIF R100bn surplus to fund inevitable job cuts | IOL Business ReportSAA business rescue practitioners have approached the Unemployment Insurance Fund (UIF) to discuss the possibility of using the R100 billion surplus that the UIF controls to fund inevitable retrenchments at the troubled state-owned airline. busrep busrep SAA must restructure quickly and sell a stake to Ethiopian Airlines to raise capital... We need bold decision makers... Why drag it when it's inevitable... busrep These uneducated looters will not stop until they steal every possible cent that we have busrep 🤣🤣🤣🤣🤣🤣🤣🤣
ソース: IOL - 🏆 46. / 51 続きを読む »