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Around 600 Woolies workers face axe

Aug 27 2012 08:45 Sapa

Company Data

WOOLWORTHS HOLDINGS LIMITED [JSE:WHL]

Last traded 69.64
Change 1.08
% Change 0.02
Cumulative volume 986111
Market cap 58.98bn

Last Updated: 23/04/2014 at 11:24. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - About 600 Woolworths Holdings [JSE:WHL] workers face retrenchments or early retirement if they choose to not sign the new flexible-hour contracts, according to a report on Monday.

Human resource officers from Woolworths visited stores in KwaZulu-Natal last week to inform fixed-shift staff that in order to accommodate the company's 365-days-a-year trading policy staff would be switched to flexible shifts, the Star reported.

The newspaper reported that the company had 20 000 permanent employees countrywide for their 400 stores.

Chief operating officer Sam Ngumeni told the Star that affected workers had been given three options: to work flexible hours, leave with voluntary severance payment or for those over 50, take early retirement.


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