Faizel Patel – 21/08/2020
Mobile operator Cell C says it expects to close around 128 stores across the country, with 546 jobs on the line as it seeks to cut costs and restructure its operations.
Reuters reports that the job cuts will be in addition to Cell C’s plans to lay off 960 workers, announced in June.
In a statement, Cell C which is owned by Blue Label Telecoms says the retail environment has changed and this has been fast-tracked by the impact of COVID-19 and the evolving purchasing habits of consumers.
The company has a workforce of 2,500 and 240 stores.
According to Reuters, the consultation process for the job cuts announced in June started on 30 July and the company said it subsequently made a voluntary severance package offer.
Earlier this month, Cell C said it was making good progress with finalising its recapitalisation plan that will improve its liquidity and debt profile.
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