A Green Cross store at Greenacres Shopping Centrein Port Elizabeth. File photo: SUPLLIED
Last month AVI shut down the Green Cross factory and retrenched 320 footwear workers. Green Cross continues to operate but sells only imported footwear. In a letter to the competition authorities, the union contends that “job losses and factory closure are a direct outcome of the merger”. The union said that this was either the unintentional outcome of AVI’s lack of capacity and expertise in the manufacturing of non-FMCG or was an intentional strategy over time by AVI.
AVI, at the time, denied that it would retrench employees as a result of the merger, and the tribunal “found no evidence from the filings which contain AVI’s business plans for Green Cross that it will”.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: eNCA - 🏆 49. / 51 Read more »
Source: SABC News Online - 🏆 32. / 51 Read more »