Sasol says it’s started consultations with workers on possible retrenchments as part of what will result in two core businesses. ... — Sasol (@SasolSA) June 18, 2020. Sasol said it … The crash in the oil price in the midst of a COVID-19 impact on the global economy has only worsened matters. ... 10c and 5c for the period October 2019 to September 2020; and 9c and 3c from October 2020 onwards. Pet Care: How to introduce your cat to a new pet, Chemicals found in everyday products could hinder Covid-19 vaccine, Is the second wave of the Coronavirus already upon us, Phase-2 for human Covid-19 vaccine testing launched in China. 21 June 2020 - 00:01 By NICK ... is aimed at helping the group negotiate a low oil price environment and could result in possible retrenchments. The crash in the oil price in the midst of a, Rolls-Royce losses double to £3.2bn in 2020 pandemic, 'Instagram Lite' rolls out to 170 countries, extending reach, Cathay Pacific posts record loss, warns of long recovery, Adidas eyes strong recovery after 2020 plunge during pandemic, SPONSORED: I can get thought leadership on AgriBusiness and Renewable Energy, Wits Protest: Amnesty International SA calls for ban on use of rubber bullets, LIVESTREAM: Zondo Commission continues to hear Transnet-related evidence, Wits allocate R10m to students affected by COVID-19, Ramaphosa condemns Mthokozisi Ntumba's killing, Nzimande wants explanation on Mthokozisi Ntumba's death, Argentine fans demonstrate to demand 'justice' for Diego Maradona, Milan, like Man Utd, aiming to restore former European glories: Pioli. Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). ... No forced retrenchments for now – we can save on diesel. Sasol. Checkpoint | Retrenchments | 28 April 2020. However, the redesign of its organisation into 'Sasol 2.0' would also require a leaner corporate structure and workforce. Sasol said it … Sasol is one of the companies in South Africa that may start the retrenchment process. Sasol is doing exactly what the ANC led Government should do, namely * Get rid of the non-profitable and non-essential businesses/”assets” (i.e. ... (@WayneMcCurrie) June 18, 2020. ArcelorMittal, Sasol to cut jobs. The announcement comes hours after embattled retailer Edcon confirmed that it’s served its 22,000 employees with layoff notices. Published On: Wed, Jun 24th, 2020 . Find your next opportunity and apply today!. Trade unions have raised concerns after Sasol share price has been collapsing in recent weeks. June 21, 2020. Trade unions have raised concerns after Sasol share price has been collapsing in recent weeks. ... Retrenchments are a last resort, and will be limited as far as possible,” said Holden. It is pertinent to mention here that you may get better Artisan Jobs 2020 or Artisan Careers 2020 after completing the Artisan Learnership 2020. Tags. ... — Sasol (@SasolSA) June 18, 2020. 1. READ: National petroleum company on the cards. 0 0 . Putco puts the brakes on retrenchments of 214 employees (Latest News) The National Union of Metalworkers of SA (Numsa) has welcomed the decision taken by bus company Putco to halt the retrenchment of more than 200 employees. This comes after … The Sasol Artisan Learnerships 2020 will jump start your career and raise your experience in the relevant fields. ... Sasol consults workers on retrenchments. Sasol is an international integrated energy and chemical company based in Sandton, South Africa. The project manage Sentences of 8 who stole petroleum products more than 15 years ago reduced. ... Sasol consults workers on retrenchments. Displayed here are Job Ads that match your query. In January to February 2020, manganese ore imports were down 16% in China. SOE`s such as Denel, SAA, Prasa, SABC, etc.) File: The Sasol head office. Wednesday 29 April 2020 - 12:25pm Source. Steel producer ArcelorMittal South Africa has announced plans to cut an unspecified number of jobs as part of a restructuring process to cut costs. South Africa News. eNCA. Share This. It has already issued section 189 notices to its unions as it prepares for retrenchments. By Mpho Sibanyoni - 12 March 2020 - 18:29 . Our team of journalists and multimedia content producers are working around the clock to keep you informed about everything you need to know about the Coronavirus (COVID-19) pandemic. The firm said that it would start consultation with its workforce on possible retrenchments after deciding on an organisational shake-up that will see two core businesses emerge. The leaner Sasol 2.0 will focus on its core Chemicals and Energy businesses to ensure that it remains sustainable at lower oil prices. Sasol said it … Putco puts the brakes on retrenchments of 214 employees (Latest News) The National Union of Metalworkers of SA (Numsa) has welcomed the decision taken by bus company Putco to halt the retrenchment of more than 200 employees. Chemicals and energy company Sasol says it will begin a consultation period with its workforce in terms of section 189 of the Labour Relations Act as it considers retrenchments as ... in 2020… Lenders have agreed to waive the group’s debt covenant for June 2020, and lift the December covenant from three times to four times net debt to earnings before interest, taxation, depreciation and amortisation (EBITDA). ... — Sasol (@SasolSA) June 18, 2020. Telkom on a new round of retrenchments. Omie Chester 03/11/2020. 21 June 2020 - 00:01 NICK ... is aimed at helping the group negotiate a low oil price environment and could result in possible retrenchments. Sasol said it … In a statement, on Thursday, the SABC says it is proceeding with the Section 189(3) retrenchment process due to its dire financial position. The firm said that it would start consultation with its workforce on possible retrenchments after deciding on an organisational shake-up that will see two core businesses emerge. Sasol’s “highest priority” in the process is a stake in the Lake Charles Chemicals Project in Louisiana, which has increased in cost to almost $13 billion and has received multiple bids . A focused and robust review of the business, and the associated workforce structures, is underway and a detailed update will be provided to stakeholders alongside the full-year results. The redesign of the organisation to enable our sustainability at lower oil prices will have an impact on our workforce structure. June 19, 2020 ... Sasol 2.0 would focus on its core portfolio of chemicals and energy businesses, it said in a statement. About Sasol. Sasol is set to begin employee dismissals from mid-August in efforts to cut costs in a new strategy aimed at boosting its balances. Sasol Limited is an integrated energy and chemical company based in Sandton, South Africa. As much as R2bn will go toward retrenchments and a further R2bn will be provided for working capital. DURBAN – Due to the national lockdown to curb the spread of Covid-19, many companies in South Africa are experiencing a loss which is forcing them to start the retrenchment process. Business and Technology. It’s not yet known how many jobs will be on the line as a result of the organisational shake-up. The global coal demand is projected to fall by about 8% in 2020, the largest drop since World War II, with coal use declining in virtually every sector of every region in the world. Sponsored: ... Why Sasol was the most watched share on the JSE in 2020 . Sasol plans retrenchments. This comes after … The global coal demand is projected to fall by about 8% in 2020, the largest drop since World War II, with coal use declining in virtually every sector of every region in the world. ArcelorMittal, Sasol to cut jobs. We will also be busting some of the myths and debunking the fake news that so commonly spread during trying times like these. This is despite the company’s pre-emptive strike earlier this week to slash fees for the chairman and non-executive directors by 20%. What is considered to be a fair procedure for retrenchment? 1. This resulted in concerns on whether Sasol will be able to deliver returns in the business sector. This means that retrenchments must be considered as a last resort. ... — Sasol (@SasolSA) June 18, 2020. Iron ore supply could reduce in the seaborne market by around 18 million tonnes in 2020. SPONSORED. AFP/Stephane De Sakutin. 0 0 . Results presentation for the six months ended 31 December 2020: 22 February 2021: 1.97 MB | Download: Additional Analyst information for the six months ended 31 December 2020: 22 February 2021: 3.08 MB | Download: Sasol President and CEO and CFO Interim Results Announcement, as delivered: 22 February 2021: 485.25 KB | Download Vaalweekblad digital team 1 minute read. Sasol consults workers on retrenchments. By Mpho Sibanyoni - 12 March 2020 - 18:29 . eNCA. Page 1 of 27 jobs. Is the “one week per year of service” basic retrenchment package based on the employee’s latest earnings, or average, or does it apply to an employee whose salary is a percentage of his monthly debits?. Sasol Enterprise and Supplier Development celebrate Global Entrepreneurship Week 2020 Our team participated in the Global Entrepreneurship Week (16 November 2020 to Sunday, 22 November 2020) taking time to celebrate and acknowledge small businesses in Sasolburg and Secunda. Business and Technology. Battered by the impact of volatile oil prices and high debt, Sasol on Thursday unveiled an overhaul of its business which will see the company take a step back from oil investment to focus on chemicals and energy, a process that may lead to job cuts. This resulted in concerns on whether Sasol will be able to … Our employees are skilled at finding ways where others think there are none. Sasol Financing USA LLC -- Moody's assigns Ba2 ratings to Sasol's proposed new bonds. Sasol said it was positioning the business for “sustained profitability in a low oil price environment” and improved cash generation. Answer. Nelly Ndlovu 18/06/2020. On Thursday (18 June), Sasol released an updated response to the oil price volatility and the COVID-19 pandemic. We welcome to our teams skilled, It plans to cut jobs and end West African oil operations as part of … June 19, 2020 ... Sasol 2.0 would focus on its core portfolio of chemicals and energy businesses, it said in a statement. Wednesday 29 April 2020 - 12:25pm Source. Sasol consults workers on retrenchments. On Thursday (18 June), Sasol released an updated response to the oil price volatility and the COVID-19 pandemic. A similar process will be followed with the relevant recognised bodies in our other jurisdictions.”, For LIVE updates on the Coronavirus pandemic, follow us on Twitter : @sacoronamonitor. Our unique blend of distinct characteristics define our loyalty, tenacity and vision.In striving to be an employer of choice, Sasol ensures that our recruitment and selection process is fair and impartial. ... 10c and 5c for the period October 2019 to September 2020; and 9c and 3c from October 2020 onwards. June 19, 2020 ... Sasol 2.0 would focus on its core portfolio of chemicals and energy businesses, it said in a statement. Published On: Wed, Jun 24th, 2020 . JSE-listed industrial group Barloworld has decided to institute group-wide retrenchments, in light of foreseeable Covid-19 challenges on its operations. Sasol’s share price halves as oil price crashes. Image: Russell Roberts . According to du Plessis it would also not be surprising if retrenchments were to take place at private companies such as Tiger Brands, Sasol and many other marginal mines. The Brazilian real is 25% weaker and the Russian rouble is 10% weaker since March 2020. Staff Writer 9 June 2020. Sasol is set to begin employee dismissals from mid-August in efforts to cut costs in a new strategy aimed at boosting its balances. In a trading update provided by Sasol on Thursday, June 18, it said: “The new strategy will focus on Sasol’s core portfolios of chemicals and energy. In the wake of COVID-19 petro chemicals giant Sasol is the latest company to announce planned retrenchments. In the wake of COVID-19 petro chemicals giant Sasol is the latest company to announce planned retrenchments. Steel producer ArcelorMittal South Africa has announced plans to cut an unspecified number of jobs as part of a restructuring process to cut costs. SOE`s such as Denel, SAA, Prasa, SABC, etc.) Staff Writer 9 June 2020. SPONSORED. In the wake of COVID-19 petro chemicals giant Sasol is the latest company to announce planned retrenchments. Sasol said it was positioning the business for “sustained profitability in a low oil price environment” and improved cash generation. Sasol. Jobs will go as struggling Sasol announces a business overhaul ... 20-06-2020 09:47. Here you will find the latest news, data, resources, tips and innovations to help you navigate this ongoing global crisis. By Dineo Faku Sep 17, 2018. Facebook Twitter LinkedIn Tumblr Pinterest WhatsApp Telegram Share via Email Print. June 24, 2020 9:46 am by: Admin Category: Expert View, featured, Oil & Gas, Research Leave a comment A+ / A- Sasol. This means that retrenchments must be considered as a last resort. Thursday 18 June 2020 - 4:51pm ... Petro chemicals giant Sasol is the latest company to announce planned retrenchments in the wake of COVID-19. Sasol consults workers on retrenchments by GENEVIEVE KGAFE VANDERBIJLPARK, (CAJ News) – SASOL, the integrated energy and chemical company, is … “It would be irresponsible to comment on the draft plan which was leaked to the media,” a spokeswoman for the administrators said. Sasol … The South African rand got off relatively lightly, depreciating 5.7% over the same period. 21 June 2020 - 00:01 By NICK ... is aimed at helping the group negotiate a low oil price environment and could result in possible retrenchments. Sasol Synfuels, Secunda jobs. ... Retrenchments are a last resort, and will be limited as far as possible,” said Holden. Indeed ranks Job Ads based on a combination of employer bids and relevance, such as your search terms and other activity on Indeed. With the possibility of retrenchments heightened by the current lockdown, some South African companies have come under fire for allegedly using COVID-19 as an excuse to retrench employees for illegitimate reasons.. Economic disruptions caused by the COVID-19 pandemic and the current lockdown has resulted in many companies having to downscale or close their doors … Share This. Its shares fell 1.7% to R130 yesterday. SASOL LIMITED – Trading Statement and Business Performance Metrics for the six months ended 31 December 2020 04.01.21 07:05 SASOL LIMITED – Successful Completion of the Divestment of Sasol… The company, which is Africa’s biggest steel producer says it expects crude steel production to take some time to return to historical or planned levels for 2020. Gasses company who recently created a subsidiary to own and operate the oxygen assets at the sasol secunda. The company was formed in 1950 in Sasolburg, South Africa. June 19, 2020 ... Sasol 2.0 would focus on its core portfolio of chemicals and energy businesses, it said in a statement. Nelly Ndlovu 09/03/2020. We have accordingly issued a notice to our representative trade unions in South Africa… inviting them to enter into consultation with Sasol. Sort by: relevance - date. The Communication Workers’ Union (CWU), which is the majority union at the South African Broadcasting Corporation (SABC), says it was caught completely off-guard by an announcement that the SABC was embarking on a retrenchment process.. 0 0 . The company, which is Africa’s biggest steel producer says it expects crude steel production to take some time to return to historical or planned levels for 2020. Iron ore supply could reduce in the seaborne market by around 18 million tonnes in 2020. 2020 – Eskom – André de Ruyter interview. Sasol is doing exactly what the ANC led Government should do, namely * Get rid of the non-profitable and non-essential businesses/”assets” (i.e. Sponsored: ... Why Sasol was the most watched share on the JSE in 2020 . Battered by the impact of volatile oil prices and high debt, Sasol on Thursday unveiled an overhaul of its business which will see the company take a step back from oil investment to focus on chemicals and energy, a process that may lead to job cuts. What is considered to be a fair procedure for retrenchment? On Friday Sasol shareholders who own more than half of the company voted against the proposed implementation of its remuneration policy. It leverages technologies and the expertise of 31.270 people in 32 countries that work for the company. De Ruyter has held various positions in Sasol Mining, Sasol Oil, Sasol Gas and Sasol Synfuels International, and lead the development of Sasol’s synthetic fuel plant in China. In January to February 2020, manganese ore imports were down 16% in China. It has already issued section 189 notices to its unions as it prepares for retrenchments. by GENEVIEVE KGAFE VANDERBIJLPARK, (CAJ News) – SASOL, the integrated energy and chemical company, is reviewing its business as it grapples high debt levels, falling oil and chemical prices as well as low demand due to the coronavirus (COVID-19). Image: Russell Roberts . Sasol shareholders vote against pay hikes. The Artisan Learnership Programme 2020 should be availed by the interested candidates.
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