Eskom bosses De Ruyter, Oberholzer get zero increase

[rvZA]

Eskom has confirmed that while workers below the senior management level at the entity will be getting a wage increase, its executives including group CEO Andre De Ruyter and chief operating officer Jan Oberholzer will not be getting any salary increase.

This past week, Eskom concluded wage negotiations with the National Union of Metalworkers of South Africa (Numsa), the National Union of Mineworkers (NUM), and Solidarity, where labour got a 7% increase across the board.

The wage agreement followed weeks of protest disruptions due to a deadlock in wage talks that triggered Stage 6 load shedding for several days. Eskom executives were not spared criticism for the crisis by South Africans

Eskom spokesperson Sikonathi Mantshantsha told Fin24 that top-level employees at Eskom have not received salary increases or a bonus for years.

"All managerial level employees have not received salary increases or bonuses since at least 2018. This year the lower-level managerial staff will be receiving the 7% increase agreed upon at the Central Bargaining Forum. Senior managers and executives in the F and E-Bands will still not be receiving any increases," said Mantshantsha.

Eskom bosses De Ruyter, Oberholzer get zero increase | Business

While workers below the senior management level at Eskom will be getting a wage increase, executives like CEO Andre De Ruyter and COO Jan Oberholzer will not get an increase.

www.news24.com

 

[TelkomUseless]

When you earn 7m a year... they can keep their increase ...

 

[YoungSandwich]

That's fair.

 

[R13...]

Curious choice of headline

Senior managers and executives in the F and E-Bands will still not be receiving any increases," said Mantshantsha.

 

[My_King]

Delegation is hard work, tasking someone to finding the R200K broom must have been exhausting.

 

[rvZA]

Delegation is hard work, tasking someone to finding the R200K broom must have been exhausting.

At least he won't be buying another investment property in the UK, US or France with his bonus this year. Will have a long term impact on his income in future.

 

[Temujin]

One day of load shedding should result in one day pay cut for all eskom employees
Should also enforce no increases or bonuses until no load shedding
And, no tariff increases until no load shedding
/end

 

[rvZA]

One day of load shedding should result in one day pay cut for all eskom employees
Should also enforce no increases or bonuses until no load shedding
And, no tariff increases until no load shedding
/end

I totally agreed.

But, instead they should have coupled the whole month's salary to hours of available electricity. If loadshedding happens, no one gets money for those hours around the country. So, workers determine their own income. If they want to earn minimum wage, so be it. If they want to get a full salary, learn and do your job. Maintain and protect the infrastructure and ensure electricity is generated and supplied. But, then again, this is SA. People simply do not want to work. They want to get paid, but have the right to stay away from work, participate in strikes.. anything not to work for that money and then to ask even more.

 

[ForceFate]

At least he won't be buying another investment property in the UK, US or France with his bonus this year. Will have a long term impact on his income in future.

He'll recover this with bonuses at the end of his contract.

 

[rvZA]

He'll recover this with bonuses at the end of his contract.

Yes. He likely will. This time around 100 times more for waiting and potential loss of income included as well. Government should stop this golden handshakes. All these guys should leave with their pension funds only.

 

[ForceFate]

Yes. He likely will. This time around 100 times more for waiting and potential loss of income included as well. Government should stop this golden handshakes. All these guys should leave with their pension funds only.

Private sector does it as well. Perhaps more than public sector.

 

[TheChamp]

He'll recover this with bonuses at the end of his contract.

They always do, he is going to do a Froneman.

 

[ShaunSA]

And? Are we sposed to clap or something?

 

[ForceFate]

And? Are we sposed to clap or something?

If you're a fan and feel inclined...

Otherwise, no. Or yes.

 

[air]

They always do, he is going to do a Froneman.

Froneman is in a league of his own, any other significant others you have seen?

 

[lunch]

They should strike

 

[Pak Fa Fui]

Maybe dock his pay
every hour of loadshedding he pays back
They should also add this clause to the next CEO

 

[ForceFate]

Maybe dock his pay
every hour of loadshedding he pays back
They should also add this clause to the next CEO

Then the entire cabinet and legislature should have the same clause added to their contracts. A huge percentage of current maladies is their fault.

 

[RonSwanson]

All these guys should leave with their pension funds only.

Except Brian.