News / National
NSSA to retrench nearly half of employees in bid to save costs
07 Jan 2017 at 09:44hrs | Views
The National Social Security Authority, which has close to 700 employees is set to retrench nearly 300 workers through a voluntary scheme in an effort to create reduce costs and create a leaner organisation.
The Herald is reliably informed that NSSA — which has close to 700 employees — is planning to streamline its workforce to 400 through a voluntary retrenchment offer which runs up until January 13, 2017.
NSSA general manager Liz Chitiga in e-mailed responses to the Herald said: "The latest restructuring is part of a continuing process that began in October 2015. The board recognised that these painful measures were necessary for sustained viability in an increasingly challenging operating environment where the Authority's goal remains to deliver a living pension to its pensioners.
"The current employee numbers and related costs are untenable and the restructuring exercise is aimed at lowering operating costs and ensuring long-term viability — effectively creating a "lean, mean machine" that can deliver the levels of service commensurate with the expectations of our pensioners.
"While it may not be possible to quantify the savings at this stage, any gains will clearly be for the benefit of pensioners," said Mrs Chitiga."
The NSSA board approved a voluntary separation which is open to all willing employees of the Authority and employees based in NSSA regional operations are likely to be the ones affected first.
The Herald is reliably informed that NSSA — which has close to 700 employees — is planning to streamline its workforce to 400 through a voluntary retrenchment offer which runs up until January 13, 2017.
NSSA general manager Liz Chitiga in e-mailed responses to the Herald said: "The latest restructuring is part of a continuing process that began in October 2015. The board recognised that these painful measures were necessary for sustained viability in an increasingly challenging operating environment where the Authority's goal remains to deliver a living pension to its pensioners.
"The current employee numbers and related costs are untenable and the restructuring exercise is aimed at lowering operating costs and ensuring long-term viability — effectively creating a "lean, mean machine" that can deliver the levels of service commensurate with the expectations of our pensioners.
"While it may not be possible to quantify the savings at this stage, any gains will clearly be for the benefit of pensioners," said Mrs Chitiga."
The NSSA board approved a voluntary separation which is open to all willing employees of the Authority and employees based in NSSA regional operations are likely to be the ones affected first.
Source - Herald
