This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print this page

Survival, Restructuring and Retrenchments

Not all jobs are sacrosanct


DOWNLOAD  

Undoubtedly the world economic recession has created an operational need for South African Companies to downsize, restructure and retrench staff as part of a survival strategy.

Salaries and employee benefits normally represent the bulk of company overheads and companies simply cannot continue to employ staff where the value they add are less than their cost of employment. In such distressed circumstances the reality is that not all jobs can be considered sacrosanct and the operational need for restructuring and retrenchment become unavoidable. These processes may also impact on the existing terms and conditions of employment short of a retrenchment process.

Page Last Updated

Stay connected:

 

Material on this website is © 2014 Deloitte Global Services Limited, or a member firm of Deloitte Touche Tohmatsu Limited, or one of their affiliates. See Legal for copyright and other legal information.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

Get connected
Share your comments

 

 

More on Deloitte
Learn about our site

  


Recently blogged