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SHIP REPAIR YARD STAVES OFF RETRENCHMENTS

Walvis Bay - Elgin Brown & Hamer (EBH) Namibia has withdrawn its intention to embark on a retrenchment programme and has instead reached agreement with the Mining, Metal, Maritime & Construction Union (MMMCU) which includes terms surrounding an early retirement option and the criteria for selecting those employees to be retrenched.

 

“We are extremely pleased to have concluded an amicable agreement with the union regarding the retrenchment process, following some two months of constructive engagement and negotiation. To arrive at a mutually agreed solution is a positive step forward for both parties; as well as being in the best interests of our employees,” said Hannes Uys, the company’s Chief Executive Officer.

 

EBH Namibia has, like most other ship repair yards in southern Africa, being affected by the global drop in the price of oil and subsequent decrease in docking activity. In April the company announced it was implementing a stabilisation plan which included first and foremost several ‘non-HR’ performance improvement projects (PIP) and cost-cutting initiatives.

 

A resurgence in the oil and gas market is conservatively projected for mid to late 2017.