Barloworld looks to cut a quarter of its workforce
The logistics group, which has almost 15,000 employees, plans to save about R400m a year
30 June 2020 - 08:59
Diversified industrial group Barloworld says it could cut up to a quarter of its staff and sell its automotive interests as it seeks to cut costs and adapt to tougher business conditions amid the Covid-19 pandemic.
The group, which had just under 15,000 employees at its 2019 year end, will cut staff numbers by 20%-25% as it seeks to reduce overhead costs by about R400m...
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