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Edcon business rescue on track, even as 17,000 job cuts start

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इंडिया समाचार समाचार

A plan to sell Jet and Edgars together did not garner sufficient interest and if one brand is sold, the other’s stores will be closed

Embattled retailer Edcon, which has issued retrenchment notices to its almost 17,300 employees, said on Wednesday that its business rescue process is going as planned.

The company owes about R6.7bn to creditors, with R3.1bn owed to unsecured creditors who will get nothing if the company is liquidated, according to the business rescue plan. However, should a sale go ahead, “for those parts of the business, affected employees would be transferred to the new owners”.

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

 /  🏆 12. in İN

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