RFG consolidates operations amid Covid-19 but has positive outlook
Consultations on job cuts are ongoing, the food group says, as profit after tax increased by just 0.3% in its year to September 27
RFG Holdings, whose products include Bull Brand corned beef and Bisto gravies, is cutting costs by combining its operations in KwaZulu-Natal and Gauteng as pressure on SA’s embattled consumers looks set to mount in coming months.
The move is at odds with RFG’s nature, said CEO Bruce Henderson, but Covid-19 had laid bare inefficiencies at the group. “It’s not something we would choose to do, consolidating, we are really expansive by nature, but in the final analysis it was imperative that we restructure,” he said...