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PetroSA plans to slash more than a third of its workforce, becoming the latest loss-making state-owned enterprise (SOE) to put forward a politically sensitive proposal that has been shot down elsewhere.

The Chemical, Energy, Paper, Printing, Wood and Allied Workers’ Union (Ceppwawu) said workers had been issued with notices of a retrenchment process that could affect up to 500 of PetroSA’s 1,424 employees...

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