Sun International may cut jobs | Fin24
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Sun International may cut jobs

Jan 29 2014 20:49

Johannesburg - Retrenchments could be on the cards at hotel chain Sun International as part of a proposed restructuring process.

"Yes, 1 700 positions could be affected. They could be affected in a change of agreement or in any other way. It doesn't mean that it is a retrenchment figure," said Farr.

"Over the past six years, revenue from the group's South African operations has increased by only 17%... Over the same six-year period, employee costs have risen by approximately 39 percent, with the minimum wage increasing by 47%."

sun international  |  retrenchements


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