Monday, 11 July 2011

PICK N PAY CONSIDERING RETRENCHING PART OF ITS 3,137 WORKERS

PICK N PAY HAS ANNOUNCED THAT IT IS CONSIDERING RETRENCHING PART OF ITS 3,137 WORKERS STATING THAT FOR THE LAST FEW YEARS, THE FIRM HAS ENCOUNTERED DEVASTATING LOSSES WHICH HAS DISTURBED ITS FINANCIAL CONDITION.
THE ANNOUNCEMENT MADE BY THE RETAIL COMPANY WHICH OPERATES TWO STORES IN ZAMBIA, 17 IN NAMIBIA, 12 IN BOTSWANA, SEVEN IN SWAZILAND AND ONE IN LESOTHO AND HAS A 51-STORE NETWORK WITH TM SUPERMARKETS IN ZIMBABWE HAS SHAKEN THE EMPLOYEES.
THE COMPANY WHICH HAS ABOUT 3673 WORKERS AND IS THINKING OF CUTTING THE JOBS OF A HANDSOME CHUNK OF EMPLOYEES, AS PER THE RULES AND REGULATION OF THE LABOUR RELATION ACT, HAS ALREADY INFORMED THE SOUTH AFRICAN COMMERCIAL, CATERING AND ALLIED WORKERS UNION ABOUT ITS PLANS OF RETRENCHMENT.
HOWEVER, THE TRADE UNION FEDERATION HAS SAID THAT IF THERE IS ANY POSSIBILITY OF SAVING JOBS THEN THE TRADE UNION WILL DEFINITELY BACK IT

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