NEWSWATCH: Tony Howard, chief executive of Independent News & Media South Africa (INMSA), has refuted the 'cost efficiencies' figure of R100m that has been circulating in INMSA newsrooms, reports IOL. Meanwhile, the competition tribunal has approved the merger between Media24, the Paarl Media Group and the Natal Witness, reports I-Net Bridge.
IOL: No retrenchments yet, says Indy SA chief... According to a report by Ann Crotty, writing in Business Report, Tony Howard, the chief executive of Independent News & Media South Africa (INMSA), confirmed that while management is looking at cutting costs, they are not looking at cuts as much as R100m.
Reassuring for employees, he is also reported to have said that management does not have any plans that would require engagement with the company's unions. Such engagement would be required under section 189 of the Labour Relations Act if management were contemplating reducing the workforce for operational requirements.
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