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Johannesburg - Around 400 jobs are under threat as Sappi Southern Africa
consults employees on reducing costs and improving efficiency at
its kraft and fine paper mills in South Africa, the company said on
Monday.
"We will begin consultations with our employees at our Tugela,
Ngodwana and Enstra mills regarding proposals for cost reduction
and efficiency improvement initiatives to ensure that we meet our
stated objectives of improved profitability and delivering
acceptable returns," said Jan Labuschagne, chief executive officer
of Sappi Southern Africa, on Monday.
"The proposed actions are required to successfully meet the
challenges of the depressed economic conditions we are experiencing
in the domestic and export markets for Fine Paper and Kraft
products," he said.
"These actions will not impact on our ability to meet customer
demand or current commitments."
Labuschagne said any decision that might lead to retrenchments
remained difficult and one the company would only consider as a
last resort.
"We do not expect this to affect more than 400 employees across
the three mills," he said.
He said the initiatives would ensure the company was strongly
positioned to take full advantage of any improvements in its
markets and in economic conditions in general.
- Sapa