newspaper reported on Wednesday. Last week, MultiChoice announced that it would lay off more than 2,000 workers at its call centres and walk-in customer service centres.
In March, Standard Bank announced its plans to cut up to 1,200 jobs and close 91 branches as part of efforts to digitise its retail and business banking.There have also been major retrenchments in the mining sector. Platinum producer Lonmin last month announced that it would be laying off 4,100 workers from six mines that have run out of commercially viable ore.Economist Lumkile Mondi said the retrenchments were partly a result of an economic crisis facing the country, which government seemed to have no plan for.
'Economist Lumkile Mondi said the retrenchments were partly a result of an economic crisis facing the country, which government seemed to have no plan for.'