Eskom plans to cut 10 senior executives

Jamie McKane

MyBroadband Journalist
Super Moderator
Joined
Mar 2, 2016
Messages
3,569
#1
Eskom plans to cut 10 senior executives

Eskom is planning to retrench at least 10 senior executives in an effort to cut costs, according to a report in The Sunday Times.

The power utility said a number of senior managers who report directly to Eskom CEO Phakamani Hadebe could be laid off in the near future.
 

Fuzzbox

Senior Member
Joined
Jun 10, 2009
Messages
986
#2
10 Execs won't make a difference at all .
They need to get rid of about 30000 jobs.
When your average salary is about R750000 per person you are in serious trouble.
 
Last edited:

Moosedrool

Expert Member
Joined
May 24, 2012
Messages
4,452
#3
10 Execs won't make a difference at all .
They need to get rid of about 30000 jobs.
When your average salary is about R750000 per person you are in serious trouble.
Well cutting those 10 execs is probably going to reduce the average cost per person quite significantly.
 

Slootvreter

Honorary Master
Joined
Aug 7, 2008
Messages
27,955
#4
10 Execs won't make a difference at all .
They need to get rid of about 30000 jobs.
When your average salary is about R750000 per person you are in serious trouble.
Do not think that the average worker at Eskom get R750k per year.
 

Fuzzbox

Senior Member
Joined
Jun 10, 2009
Messages
986
#9
Well cutting those 10 execs is probably going to reduce the average cost per person quite significantly.
How will that make a difference ?.
Lets say these execs earn 3 million rand each per year.
R30 Million saved on a wage bill of R31 Billion is about 0.1% .
That is really very little in the scheme of things.
 

C4Cat

Executive Member
Joined
Nov 9, 2015
Messages
8,015
#11
How will that make a difference.
Lets say these execs earn 3 million rand each per year.
R30 Million saved on a wage bill of R31 Billion is about 0.1% .
That is really very little in the scheme of things.
Every bit helps, all cost saving measures will add up. I suppose they could just do nothing.
 

C4Cat

Executive Member
Joined
Nov 9, 2015
Messages
8,015
#13
How will that make a difference ?.
Lets say these execs earn 3 million rand each per year.
R30 Million saved on a wage bill of R31 Billion is about 0.1% .
That is really very little in the scheme of things.
I'm pretty sure they earn more than that just in bonuses
Since load-shedding began in 2008, Eskom’s top brass has received a staggering R 63 million in performance bonuses. In 2012 and 2013 alone, the nine members of the Eskom Board received R 31 million in vested “performance shares”.
The salaries of the directors and group executives in 2014 amounted to R 60 million (up from R 57 million the previous year), of which R 24.4 million went to its top three executives.
https://www.jbaynews.com/how-much-do-eskom-executives-earn/

And this is a few years old
 

Gordon_R

Executive Member
Joined
Jul 5, 2009
Messages
6,399
#15
The average woman also has 2.4 babies in her lifetime.
In a mythical survey, it was found that in an average lifetime men have 8 sexual partners, while women have 4 on average. It depends whom you ask, and what your definitions are...

Statistics often conceal as much as they reveal, and sometimes the figures don't add up because of the way they are calculated. In the case of remuneration: pension benefits, staff overheads, and many other factors come into play...
 

ArtyLoop

Executive Member
Joined
Dec 18, 2017
Messages
6,120
#16
So let's tell the truth here:
Might be top-heavy in managers yes, but the problem is fundamental.
Eskom has laid off, or chased away the people with the core skills and competencies needed to make it run efficiently. It has been said the company was a collective of technocrats back in its heyday.
Either you let people with the skills come back (which won't happen because AA/BEE is more important), or you let it die a slow death and we all get used to life like it is in Zambia/Ethiopia
 

ArtyLoop

Executive Member
Joined
Dec 18, 2017
Messages
6,120
#17
In a mythical survey, it was found that in an average lifetime men have 8 sexual partners, while women have 4 on average. It depends whom you ask, and what your definitions are...

Statistics often conceal as much as they reveal, and sometimes the figures don't add up because of the way they are calculated. In the case of remuneration: pension benefits, staff overheads, and many other factors come into play...
I wish I had 8 sexual partners bro
 

C4Cat

Executive Member
Joined
Nov 9, 2015
Messages
8,015
#18
So let's tell the truth here:
Might be top-heavy in managers yes, but the problem is fundamental.
Eskom has laid off, or chased away the people with the core skills and competencies needed to make it run efficiently. It has been said the company was a collective of technocrats back in its heyday.
Either you let people with the skills come back (which won't happen because AA/BEE is more important), or you let it die a slow death and we all get used to life like it is in Zambia/Ethiopia
Maybe they can use the money saved to pay skilled engineers what they're worth, instead of execs.
Also, it's quite possible to get people with skills while still meeting your BEE responsibilities (unless you think only white people have the required skills)
 

Compton_effect

Honorary Master
Joined
Sep 7, 2006
Messages
11,544
#20
Its the standard practice nowadays - first you cut senior management, so the unions can't point fingers.
Then you hammer the rest of the staff.

Problem is - you inevitably lose staff you actually want to retain.
 
Top