Sun International may cut jobs | Fin24
 
  • Covid-19 Money Hub

    The hub will help answer your business and money questions during the coronavirus crisis.

  • Coronavirus Funding

    Could a R100 billion social impact bond help fund SA's Covid-19 interventions?

  • Money Clinic

    I have invested R1m to be paid out monthly, I have not received any during Covid-19. What can I do?

Loading...

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
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Comments have been closed for this article.
 

Company Snapshot

Voting Booth

How has Covid-19 impacted your financial position?

Previous results · Suggest a vote

Loading...