https://www.engineeringnews.co.za

Scaw may retrench workers as it considers restructuring

5th August 2015

By: Natalie Greve

Creamer Media Contributing Editor Online

  

Font size: - +

Steel product manufacturer Scaw Metals Group announced on Wednesday that the company was contemplating restructuring and had issued a notice in terms of Section 189A of the Labour Relations Act, which could result in a reduction in employee numbers.

"This unfortunate decision has been necessitated by the current conditions in the steel industry both locally and globally. This process could potentially impact about 1 000 of our employees throughout our local operations," the company said.

In a statement of its own, trade union Solidarity said it would do everything in its power to "mitigate the impact of this process on our members and to limit the number of retrenchments to a minimum".

The news followed the initiation of business rescue proceedings by fellow steelmaker Evraz Highveld Steel and Vanadium earlier in the year, while ArcelorMittal South Africa had indicated that it was conducting a "footprint review" of its Vereeniging operations, which could lead to a possible mothballing of some of the plants at the Vereeniging Works.

 

Edited by Tracy Klückow
Creamer Media Contributing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Axiom Hydraulics
Axiom Hydraulics

Axiom Hydraulics is a trusted leader in South Africa’s hydraulic industry, delivering world-class components, systems, and engineering expertise...

VISIT SHOWROOM 
Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.154 1.066s - 143pq - 4rq
Subscribe Now