Unions head to court to force Denel to pay salaries

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Unions head to court to force Denel to pay salaries 🔒

Two trade unions at cash-strapped Denel are heading to court to force the state-owned arms manufacturer to pay outstanding salaries to employees, as the parastatal deals with the shock resignation of its group CEO.

Denel, one of the many state-owned enterprises that was embroiled in allegations of state capture, has yet to emerge from a turnaround strategy that includes cutting R1bn in costs, selling noncore assets and seeking international strategic partners with the approval of the government.

 

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 /  🏆 12. in ZA

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