Adcorp to slash costs as tough conditions erode jobs market
The employment services group was hit by a 69% plunge in cash generated by operations in the six months to the end of August
17 October 2019 - 07:50
Human resources specialist Adcorp’s share price fell to a two-year low on Wednesday, after it said it would slash costs at its operations as SA’s weak economy takes its toll on job numbers.
The company swung into an after-tax loss of R447m during its six months to end-August, from a profit of R99m previously, hit by weak SA conditions and droughts and floods in Australia...
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