This will swell the ranks of SA’s unemployed, with about 9,000 retrenchments already proposed in 2020 from a range of large companies 🔒
Katharine Child
Educor, the owner of Damelin, City Varsity and Intec colleges, is planning to cut 752 people from its workforce, almost half its permanent staff. This will swell the ranks of SA’s unemployed, with about 9,000 retrenchments already proposed in 2020 from a range of large companies, including Sibanye-Stillwater, Telkom, Massmart, Aspen and Glencore.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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