Eskom is offering non-core and older employees voluntary cash separation packages (VSPs) to cut its workforce as part of its turnaround plan.<\/p>\n
On 29 January 2020, the executive committee secured and recommended to the Eskom board a limited amount of R400 million to implement limited separations.<\/p>\n
The Eskom Board supported the proposed voluntary separation package benefits implementation process and plan with costs capped at R400 million.<\/p>\n
This window of voluntary cash separation packages will open for managerial level employees in non-core positions.<\/p>\n
Further to this, managerial employees from 60 to 62 years old will also be eligible to apply, irrespective of being in core, critical, or no-core positions.<\/p>\n
\u201cThis process is voluntary, and no employee should be coerced or requested to apply,\u201d Eskom told employees.<\/p>\n
Approval for separations will be at Eskom\u2019s discretion and based on \u201capproved guiding principles that will be communicated in due course\u201d.<\/p>\n
The approved separation benefits will be based on two weeks remuneration per completed year of service and a gratuity payment of R75,000.<\/p>\n
The window for applications will open in the 3rd week of February 2020, with employee exits planned for the end of April 2020.<\/p>\n