The South African Broadcasting Corporation has issued a statement to its staff informing them of the broadcaster's intention to retrench its workforce.
The public broadcaster is set to start its restructuring plans on Monday evening, in which it said as many as 981 of its approximately 3 400 permanent employees may be let go.
Furthermore, it will terminate the services of half of its 2 400 freelancers. The broadcaster wants the consultation process concluded by 31 January 2019, with retrenchments to take effect on 1 February 2019
If we do not tackle the cost base issue at the SABC we will never be sustainable. A salary wage bill of R3.1 Billion for a R7.2 Billion organisation is not possible. That is almost half of its revenue.— Bongumusa Makhathini - SABC Board Chairperson
From a Sports side perspective, the SABC in the past seven years has lost R2.3 Billion, because they could not comercialise its sport's sites.— Bongumusa Makhathini - SABC Board Chairperson
Take a listen:
This article first appeared on 702 : SABC to retrench almost a third of its workforce