Eskom to discuss retrenchment process with executives

JOHANNESBURG - The Eskom board has approved a process that could result in the retrenchment of senior managers.

That’s the confirmation from the company on Wednesday.

The power utility said despite efforts to curb expenditure, operating costs have continued to increase dramatically.

READ: Cash-strapped Eskom applies for tariff hike

It said output has remained largely unchanged.

Eskom has not indicated how many employees could be affected by the process, or how much money it's aiming to save.