Sasol ramps up cost-saving drive with proposed job cuts
Unions baulk at failure to estimate numbers and job categories affected as required by law
18 June 2020 - 23:22
Sasol, which is already in the process of cutting R35bn in costs, has notified employees of job cuts to come as the embattled chemicals and synthetic fuels group embarks on a restructuring exercise in order to become profitable in a low oil price environment.
Sasol, which employs 31,000 people in 31 countries, issued the retrenchment notice on Thursday morning just before releasing a market update...
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