Rescue could cut 3,000 jobs at Group Five
Construction sector collapse puts several firms in deep trouble
23 June 2019 - 00:05
Construction company Group Five's workforce would probably be halved to 3,000 in its bid to survive, the company's business rescue team said this week.
SA's construction sector is a shadow of what it was a decade ago as economic growth has disappointed and the state's purse has become more constrained. Group Five is one of several construction companies that has entered business rescue this year...
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