The South African Broadcasting Corporation (SABC) has announced possible staff retrenchments, saying it will consult with its more than 3 000 employees about their intention to cut jobs.
At a meeting with management, organised labour and representatives of non-unionised employees, a notice of the retrenchment process under Section 189(3) of the Labour Relations Act was handed over.
The SABC says due to the dire financial position of the corporation, it would simply not be financially viable for it to continue in the current form.
Approximately 600 employees will be affected, including senior management.
Bailout in 2019
Currently, the SABC has 3 011 employees. In 2019, the government announced that the public broadcaster would receive a R3.2 bailout.
The bailout was granted under stringent conditions. These included the public broadcaster submitting a list of identified initiatives for revenue enhancement and cost-cutting initiatives, and thorough investigation into the cause of its financial collapse.
Last year January, the organisation was declared technically insolvent after a struggle with paying its creditors.
In the video below, Minister Stella Ndabeni- Abrahams was outlining the conditions of the bailout:
Author- Rozanne Greeff
