DURBAN - Sugar producer Tongaat Hulett confirmed on Thursday that retrenchment letters had been issued to their employees as part of a restructuring process which will affect about 5000 employees. Tongaat Hulett said yesterday that the exact number of those affected would only be known further down the line.
The aim of the review is to ensure that Tongaat has the right skills and experience to take advantage of its new operating strategy. “We have a burning platform and an opportunity to renew our business model: returning the business to where it should be in the medium to long term; operating strategically, sustainably, efficiently and profitably,” said Hudson.
The association said at the time that drought in KwaZulu-Natal, plunging sugar prices, weak protection against cheap imports and the sugar tax implemented in April last year were some of the reasons the industry was in decline.
TongaatHulett TheMercurySA busrep fawu_media
TongaatHulett TheMercurySA busrep This is bad
TongaatHulett TheMercurySA busrep When sugar loses its sweetness. Govt can share some responsibility here. SASA said that drought in KwaZulu-Natal, plunging sugar prices, weak protection against cheap imports and the sugartax implemented in April last year were some of the reasons the industry was in decline.
TongaatHulett TheMercurySA busrep sugar tax hits home ..Gov must rethink
TongaatHulett TheMercurySA busrep So sad now unemployment is increasing
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