Sasol's headquarters in Rosebank, Johannesburg. Picture: FINANCIAL MAIL
“The redesign of the organisation to enable our sustainability at lower oil prices will have an impact on our workforce structure,” the group said. The group said it had also agreed a new debt framework with lenders, but is facing a rise in borrowing costs.
Source: Loan Digest (loandigest.net)
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sasol moves to cut jobs ahead of organisational shake-upThe chemicals group is facing a rise in borrowing costs, but lenders have agreed to ease debt covenants
Source: BDliveSA - 🏆 12. / 63 Read more »
Sasol moves to cut jobs ahead of organisational shake-upThe chemicals group is facing a rise in borrowing costs, but lenders have agreed to ease debt covenants
Source: BDliveSA - 🏆 12. / 63 Read more »
Massmart says it lost out on R2.3bn in liquor sales in April and MayThe retailer says total sales for the 23 weeks to June 7 fell 10.3% year on year, but it is continuing its organisational shake-up
Source: BDliveSA - 🏆 12. / 63 Read more »
Massmart says it lost out on R2.3bn in liquor sales in April and MayThe retailer says total sales for the 23 weeks to June 7 fell 10.3% year on year, but it is continuing its organisational shake-up
Source: BDliveSA - 🏆 12. / 63 Read more »
HSBC to resume job cut programme due to Covid-19Europe's biggest bank is set to cut about 35,000 jobs as profits fall and economic forecasts point to a challenging time ahead
Source: BDliveSA - 🏆 12. / 63 Read more »
Edcon business rescue on track, even as 17,000 job cuts startA plan to sell Jet and Edgars together did not garner sufficient interest and if one brand is sold, the other’s stores will be closed
Source: BDliveSA - 🏆 12. / 63 Read more »