# The National Union of Metalworkers of South Africa says it is unaware of possible retrenchments at Denel as part of the state-owned entity’s turnaround strategy. Denel CEO Tshepo Monaheng told Parliament last week that the entity remains burdened by significant debt and is considering retrenchments and the disposal of non-core assets to replenish its cash reserves. Numsa spokesperson, Phakamile Hlubi-Majola, says Denel must engage with affected parties before making any pronouncements about job cuts:
Numsa unaware of possible retrenchments at Denel [SOUND]
ENG MajolaonRetrenchments