across the bar

Tribunal gives the Massmart-Walmart Merger the thumbs up

by Ashley - Posted 31 May 2011

1. No retrenchments will take place at Massmart over the next two years for merger specific reasons;
2. Preference will be given to re-employing Massmart employees who were retrenched in June 2010 if vacancies arise;
3. Walmart will honour collective bargaining rights presently enjoyed and it will not challenge the status of  the South African Commercial, Catering and Allied Worker’s Union(SACCAWU) as the largest representative of workers in its divisions;
4. An investment remedy to address the local procurement concerns will be put in place.

Any violation of the above conditions could seriously jeopardise the merger so one wonders whether the above conditions will be adhered to or whether it is simply a public relations exercise…only time will tell!