JOHANNESBURG, Feb 13 (Reuters) – South Africa’s struggling
state power utility Eskom said on Thursday that the cost of
offering voluntary severance packages to some managers would be
offset by savings.
“Eskom will ensure that no critical skills will be lost as a
result of the programme,” Eskom said in a statement. “Eskom will
spend 400 million rand ($27 million) in order to cut overhead
costs. This will be recouped through savings within a year.”
($1 = 14.8803 rand)
(Reporting by Alexander Winning; editing by Olivia
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