BACK TO WORK | Courier company with 90 branches countrywide set to shut down

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 59%

United States News News

As the lockdown eases and more South Africans go back to work under level 3 on Monday, many jobs hang in the balance, including those in the construction and courier businesses.

“Final closure has not been determined. The executives are currently in a 60-day consultation period with representatives of the unions and other employee groups.”“If at all possible, some employees may be able to find roles outside Time Freight within some of its associate businesses.”

“The negative impact that Covid-19 and the lockdown, in whatever form going forward, will have on the future SA economy is also a critical factor in the board and shareholders' view that continuing to fund its turnaround is no longer a viable option.

“Many construction sites have had to close with many projects being put on hold. Some of these projects are key infrastructure and developmental projects that were initiated to stimulate and supplement our regional socio-economic growth and development. The delay will have long-term implications for our local, provincial and national economy,” said Ward.

“Given the inherent complexity of regional and global supply and value chains, an extended lockdown will impact both our manufacturing, transport/logistics sectors and trade.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Excellent pic some big fat looter together

I have a membership card of a leading party but decision they are taking make me think otherwise...I think we were supposed to give EFF a chance Julius_S_Malema MbuyiseniNdlozi CyriIRamaphosa MbalulaFikile ANCParliament EFFSouthAfrica

I for one was against the easing of Lockdowns. But now I realise, it's unnecessary deprivation of incomes for many. Here in Umlazi, there is no restrictions what so ever. It's just people out of jobs. Just open once if you can't enforce guidelines of a Lockdown.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 28. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BACK TO WORK | Courier company with 90 branches countrywide set to shut downAs the lockdown eases and more South Africans go back to work under level 3 on Monday, many jobs hang in the balance, including those in the construction and courier businesses. not fake news CyrilRamaphosa runs THE BIGGEST IDIOT TEST IN AFRICA called SA - please provide prove that this National Covid 19 Command Council of destruction and Poverty creation is a legal constitutional body, then we will listen ? someones puppet not for the people of SA
Source: TimesLIVE - 🏆 28. / 59 Read more »