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End Of The Road For Club – 29 Retrenched!

As many as 29 employees face retrenchment at one of the Premier Soccer League outfits following confirmation that the club will cease to exist, the Siya crew has learnt.

Bidvest Wits has officially been sold to businessman Masala Mulaudzi, who will then relocate the team to Venda and rename it Tshakhuma Tsha Madzivhandila ahead of next season, and will no longer be operational beyond August 31.

Read: Official: Leopards Make Big Call On Downs Target 

As such, the process to offer those affected – up to 29 in total, the chance to apply for voluntary severance packages has begun.

“The PSL has approved the company’s sale of its PSL status to Tshakhuma Tsha Madzivhandila and the company will cease to operate after 31 August 2020,” read the letter to staff under the headline “the reason(s) for the proposed dismissal”.   

“At this stage the company has no viable alternatives, however, it is prepared to offer voluntary severance package (VSP) and affected employees are invited to apply for the VSP. At this stage we envisage 29 employees to be affected. At this stage, all employees will be affected.”

Wits has proposed paying out one week’s salary for every completed year of continued service, but that appears to only apply to non-playing staff.

Indications are that should the season go beyond the end of next month, which at this stage looks highly unlikely, then the players and the technical team could be paid a pro-rata fee.

Read: Downs Confirm Plans Despite Season Delay 

Already Wits have sold goalkeeper Ricardo Goss and attackers Haashim Domingo and Gift Motupa to Mamelodi Sundowns, while Deon Hotto and captain Thulani Hlatshwayo are expected to join Orlando Pirates.

The new owners had long made it clear that some of the clubs’ high earners will have to be sold and the same goes for coach Gavin Hunt, having claimed that the four-times championship winning mentor was too expensive.

Story by @superjourno

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