Job cuts are likely to be due to ‘Sasol 2.0’ organisational shake-up
BL PREMIUMSasol, which is already in the process of cutting R35bn in costs, has notified employees of job cuts to come as the embattled chemicals and synthetic fuels group embarks on a restructuring exercise in order to become profitable in a low oil price environment.
Sasol, which employs 31,000 people in 31 countries, issued the retrenchment notice on Thursday morning just before releasing a market update.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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