JOHANNESBURG – Retrenchments in the country are escalating. Mobile operator Cell C is the latest company to announce layoffs.
It’s launched a retrenchment consultation process which will affect 960 or nearly 40 percent – of its 2,500 staff.
The company says it’s in the process of restructuring its operations after under-performing and generating losses for many years.
Discussions are already underway with its junior management and semi-skilled staff.
Earlier this year, a similar process was launched among senior management.
The process concluded last month and 30 jobs were affected.
Cell C had defaulted on interest payments for an R2.7-billion loan which were due in December last year.
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