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Denel Irene exit.
Trade union Solidarity is talking to Denel to assist the beleaguered government-owned defence and technology conglomerate back onto a solid financial footing notwithstanding it having legal approval to attach assets.
The Centurion-headquartered labour organisation last year embarked on legal action against the State-owned enterprise (SOE) in the wake of continued short and non-payment of salaries and other employee benefits, including medical and pension contributions.
It said then, via deputy general secretary for the public sector Helgard Cronjé, the warrant of execution to seize assets valued at R12.7 million was “a victory for Solidarity members at Denel. They were on the receiving end of unprecedented hardship and uncertainty”.