State-owned freight logistics group Transnet has described as “misleading” and “inaccurate” reports that it has embarked on a retrenchment process. Some media reports have suggested that the utility may retrench up to 8 000 workers. However, in a statement Transnet said it was not contemplating any forced retrenchments. “Any statement about retrenchments at Transnet is ill-advised, devoid of truth and may sew uncertainty among our employees.” Transnet reaffirmed that it was offering a voluntary severance package (VSP) to employees, but stressed the VSP was “completely voluntary”.
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