The Democratic Nursing Organisation of South Africa (DENOSA) notes that Netcare Group is planning to retrench hundreds of workers in the next two months at various hospitals belonging to the group just a month after it announced some fatty profits and issuing of special dividends to the tune of 40 cents per share on top of 60 cents per share in normal dividends.
This plan by the group is absolute cruelty and defies logic because in November 2018, the Group announced:
- 8.4% revenue (in May 2018 it announced 8.5% half-year revenue).
- 5.9% increase in patient days.
- 17.8% increase in cash generated from South African operation to R4 305 million.
- 5.3% increase in final dividend to 60 cents a share.
- Special dividend of 40 cents a share.
Some of these workers include nurses, who continue to work tirelessly in saving patients’ lives in units that don’t have enough staff complements.
DENOSA is strongly opposed to this premature move by Netcare, whose profits in November were thanks to the hard of the same workers who are now facing the chop. The notice the group issued is even without exploring alternatives to saving the same jobs so that the group could enjoy the same performance.
DENOSA will make use of every single avenue available to it to stop Netcare from acting inconsiderately towards workers, starting with conciliation avenues.
Issued by the Democratic Nursing Organisation of South Africa (DENOSA)