NECSA Board notes the statement handed over to the Acting Chief Executive Officer by NEHAWU.
The Board inherited a dire financial situation when it assumed office in December 2018, with cash flow shortfalls of hundreds of millions of rand and empty order books across divisions. Much of this can be attributed to policy uncertainty around the new nuclear build and urgent decisions needed to be made. The NECSA Board quite properly entered into discussions with the shareholder in the first instance.
The board will engage with all stakeholders and role players in accordance with the provisions of the law.
Issued by NEHAWU