The Post Office collapsed into the arms of business rescue practitioners on Monday, a form of bankruptcy protection, with a plan that puts 7,000 jobs on the line to save more than R1.3bn in annual salaries.
The Post Office joins a string of state-owned entities such as SAA, Mango and SA Express tumbling into business rescue — a court-ordered process that halts payments while turn- around specialists structure the business to save it before usually paying creditors a small percentage of what they are owed...
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
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
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