Home Economy South Africa: Massmart considers cutting 1, 440 jobs for optimisation purposes

South Africa: Massmart considers cutting 1, 440 jobs for optimisation purposes

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Massmart Holdings is currently in talks with the South African unions and other stakeholders considering to close 34 of its stores across the country.

While the retailer’s board attempt to mitigate the situation, the move by itself could possibly result in up to 1, 440 job losses, Reuters wrote in its article.

According to the reports, Massmart is currently implementing a “store optimisation” policy which previously highlighted a number of underperforming stores.

The closure date has not yet been revealed to the general public.

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