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.
In easy terms ,they lay people off because they aren’t busy , therefore they aren’t making money , therefore they can’t pay wages , therefore lay off . When the economy improves the cycle goes the other way . So , CyrilRamaphosa get your arse in gear and improve the economy
Even the TV programs are retrenching. Isidingo Hendrick is dead. Anja is about to be arrested, Lungie is gone to join Manqoba in KZN. Kuyanyiwa qha!
Agriculture we also standing on retrenchments, waiting to hear end of this month or early in next week new month.
CyrilRamaphosa MYANC Until you clarify the Expropriation without compensation position and guarantee those groups who won't face EWC, you are going to get disinvestment and retrenchment. You need to name conditions & groups who are guaranteed property rights. E.g. those who bou
Any company that retrench....I stop buying their products 😎😎
Kubi!
I know this is so sad. But maybe we have to learn the hard way.
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Parmalat joins the long list of SA companies laying people offParmalat SA has joined the growing list of companies embarking on restructuring that could leave hundreds of its workers in the distribution section of the company jobless. '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.'
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