{"id":2650,"date":"2021-09-22T18:01:08","date_gmt":"2021-09-22T18:01:08","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/transnamib-job-cuts-do-not-need-govt-approval"},"modified":"2021-09-22T18:31:47","modified_gmt":"2021-09-22T18:31:47","slug":"transnamib-job-cuts-do-not-need-govt-approval","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/transnamib-job-cuts-do-not-need-govt-approval","title":{"rendered":"TransNamib job cuts \u2018do not need govt approval\u2019"},"content":{"rendered":"

Africa-Press<\/a> – Namibia<\/a>. <\/strong><\/span>The plan by the national rail service operator, TransNamib, to retrench 340 employees in the coming weeks, does not require government approval, as this decision lies entirely in the hands of the authority\u2019s board.<\/p>\n

In fact, many of the retrenchments stem from TransNamib migrating from non-core business activities, which is a policy already approved two years ago in the strategic business plan.<\/p>\n

Public enterprises minister Leon Jooste yesterday confirmed this arrangement while emphasising that the Integrated Strategic Business Plan, approved by Cabinet in 2018, stipulated moving away from non-core business activities to transform the transport parastatal into a profitable company.<\/p>\n

\u201cFurther to this is the fact that this is an operational matter that fits under the authority of the board \u2013 and they, therefore, do not require shareholder approval for this,\u201d Jooste clarified in response to New Era questions.<\/p>\n

Upon learning about the impending retrenchments, the company\u2019s representative union, the Namibia Transport and Allied Workers Union (Natau), said they are engaging with TransNamib\u2019s management.<\/p>\n

In this regard, the union said they will pronounce their position before the end of the week.<\/p>\n

On its Twitter platform yesterday, TransNamib stated it is unfortunate that retrenchment information has been leaked to the media whilst only in its initial stages of planning.<\/p>\n

\u201cAs an employer, we have a duty of care, especially towards our employees and have a responsibility to act within the Namibian legal framework. Thus, any company decision that affects our employees need to be in line with the Labour Act 11 of 2007,\u201d reads the tweet.<\/p>\n

\u201cIt is, thus, of the utmost importance that we engage all our stakeholders at the relevant stages of any process. All due processes are being followed and the relevant stakeholders will be engaged in a timely and constructive manner when more information becomes available.\u201d<\/p>\n

Last week, TransNamib CEO Johny Smith was quoted in a local newspaper stating the targeted employees include about 154 individuals nearing retirement as well as about 186 who are in non-core business units.<\/p>\n

According to Smith, the retrenchment is expected to cost the company about N$44 million.<\/p>\n

TransNamib\u2019s integrated annual report for 2019\/20 stated the company remained in a challenging financial position despite an improvement in its business operations.<\/p>\n

The two main challenges remain its short-term cash flow position as well as limited capacity with respect to the number of locomotives serving its operations.<\/p>\n

Furthermore, for the 2019\/20 financial year, TransNamib\u2019s revenue increased by N$20 million to N$542 million, whilst operating costs increased by N$72 million to N$885 million.<\/p>\n

\u201cDue to this, a loss of N$262 million was incurred during the period. Cash lost from operations was N$74 million. These trading results resulted in the company being in a worse position, compared to the previous financial period,\u201d reads the report.<\/p>\n

An operating loss of N$262 million (2019: N$66 million) was incurred.<\/p>\n

This loss is at the back of a 4% (N$20 million) increase in revenue, a 74% (N$154 million) reduction in government grants, and a 9% (N$72 million) increase in operating costs.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. The plan by the national rail service operator, TransNamib, to retrench 340 employees in the coming weeks, does not require government approval, as this decision lies entirely in the hands of the authority\u2019s board. In fact, many of the retrenchments stem from TransNamib migrating from non-core business activities, which is a policy […]<\/p>\n","protected":false},"author":84,"featured_media":2649,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,8,16],"tags":[234,236,1268,233,602],"class_list":["post-2650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-namibia","tag-approval","tag-namibia","tag-transnamib"],"yoast_head":"\nTransNamib job cuts \u2018do not need govt approval\u2019 - Namibia<\/title>\n<meta name=\"description\" content=\"The plan by the national rail service operator, TransNamib, to retrench 340 employees in the coming weeks, does not requ ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/transnamib-job-cuts-do-not-need-govt-approval\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TransNamib job cuts \u2018do not need govt approval\u2019\" \/>\n<meta property=\"og:description\" content=\"The plan by the national rail service operator, TransNamib, to retrench 340 employees in the coming weeks, does not requ ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/transnamib-job-cuts-do-not-need-govt-approval\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-22T18:01:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-22T18:31:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2021\/09\/img-614b766c3d7e4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/transnamib-job-cuts-do-not-need-govt-approval#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/transnamib-job-cuts-do-not-need-govt-approval\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"TransNamib job cuts \u2018do not need govt approval\u2019\",\"datePublished\":\"2021-09-22T18:01:08+00:00\",\"dateModified\":\"2021-09-22T18:31:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/transnamib-job-cuts-do-not-need-govt-approval\"},\"wordCount\":504,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/transnamib-job-cuts-do-not-need-govt-approval#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2021\/09\/img-614b766c3d7e4.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"approval\u2019\",\"namibia\",\"TransNamib\"],\"articleSection\":[\"all news\",\"community\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/transnamib-job-cuts-do-not-need-govt-approval#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/transnamib-job-cuts-do-not-need-govt-approval\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/transnamib-job-cuts-do-not-need-govt-approval\",\"name\":\"TransNamib job cuts \u2018do not need govt approval\u2019 - 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