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Johannesburg - Trade union Solidarity on Wednesday warned of a possible fourth retrenchment shock in three years for Denel SAAB Aerostructures (DSA) employees if its sale to Aerosud went ahead.
The union warned it could also lead to the closure of DSA, noting that since 2008 no fewer than 485 DSA employees had lost their jobs in three separate Section 189 retrenchment processes.
The sale of DSA was already approved in principle by the Denel board, while Aerosud had indicated that if financing was obtained for the transaction, not all of the present DSA employees could be retained.
During its first retrenchment process, 183 DSA employees lost their jobs. The second and third retrenchment processes cost 122 and 180 jobs, respectively.
"If DSA had not suffered an enormous loss of R328m, the Denel group would probably have shown a profit last year," said Solidarity spokesperson Ilze Nieuwoudt.
"The group showed a loss of R246m in 2010," she said.
"The remaining 410 employees are now faced with the uncertainty of a fourth retrenchment process. At least 160 jobs could be affected by the latest retrenchment process. DSA also faces possible closure," Nieuwoudt said.
Solidarity said the retrenchments that had occurred at DSA over the past few years are a tragedy as its employees are highly skilled.
The union warned it could also lead to the closure of DSA, noting that since 2008 no fewer than 485 DSA employees had lost their jobs in three separate Section 189 retrenchment processes.
The sale of DSA was already approved in principle by the Denel board, while Aerosud had indicated that if financing was obtained for the transaction, not all of the present DSA employees could be retained.
During its first retrenchment process, 183 DSA employees lost their jobs. The second and third retrenchment processes cost 122 and 180 jobs, respectively.
"If DSA had not suffered an enormous loss of R328m, the Denel group would probably have shown a profit last year," said Solidarity spokesperson Ilze Nieuwoudt.
"The group showed a loss of R246m in 2010," she said.
"The remaining 410 employees are now faced with the uncertainty of a fourth retrenchment process. At least 160 jobs could be affected by the latest retrenchment process. DSA also faces possible closure," Nieuwoudt said.
Solidarity said the retrenchments that had occurred at DSA over the past few years are a tragedy as its employees are highly skilled.
