Transnet on Friday confirmed that it is offering voluntary severance packages (VSPs) to its management and bargaining unit employees to streamline its business and ensure the group’s long-term sustainability. The parastatal cited subdued global economic growth, including a weak economic outlook for the local economy, as the reasons for initiating the VSP programme. The United National Transport Union (UNTU) in response said its “worst fear” regarding Transnet had now become a reality, and would ...
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