Eskom's 46,000 employees earn, on average, nearly R800,000 a year, or R66,000 a month (Source: MyBroadband). And now they're demanding a 15% salary increase... just to make sure Eskom goes properly bankrupt and sinks South Africa.
Execs don't distort the numbers given Eskom's size:
Eskom total employee costs in FY2020: R33 billion. Employees: 44,772. Directors and execs earned R49 million. So employees (excluding execs) earn on avg R736k a year.
In the private sector, a company that is technically insolvent (bankrupt), would obviously not give employees a 15% salary increase.
A 15% increase implies an extra R5bn in employee costs. For an organization drowning in debt, this is not sustainable.
All figures from the 2020 annual report
So many people are fuming about this tweet - ignoring the fact that Eskom is technically bankrupt with R500bn in debt.
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