The North Gauteng High Court has placed the South African Post Office in business rescue.
“To hold a view that the taxpayers’ losses must be cut and that SA Post Office must be finally liquidated is simplistic and does not account for the intricate relationships and responsibilities that exist,” stated Van der Schyff. “The harsh reality is that the facts point to that SA Post Office’s workforce needs to be extensively curtailed for the [it] to survive,” stated Van der Schyff.that it appears government plans to cut 7,000 jobs, saving over R1.3 billion in salaries annually.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Postbank stands to lose R3.5bn as Post Office pleads for business rescueFate of Post Office raises question over plan to be a fully fledged bank
Source: BDliveSA - 🏆 12. / 63 Read more »