CAPE TOWN - SABC will be laying off hundreds of workers as the public broadcaster struggles to pay service providers.
In a meeting with unions on Thursday, SABC management announced that they were forced to retrench employees due to the organisation’s dire financial situation, high employee head count and a huge salary bill, among others.
A union official confirmed to News24 that the public broadcaster was struggling to fund its R1bn plus annual wage bill.
According to an internal memo that was sent out to workers, the broadcaster states that they would be embarking on retrenchments even though no further details were released.
According to the statement, which was issued by Group CEO Madoda Mxakwe, the public broadcaster said the decision to retrench formed part of cost-cutting.