Cell C set to cut workforce
Cell C is set to retrench up to 150 employees as it looks to streamline its business.
“I can confirm that Cell C has embarked on a process of consultation in respect of possible retrenchment this week.” said Cell C spokesperson, Karin Fourie.
“At this time, and subject to consultation with the affected employees themselves, approximately 150 employees could be retrenched,” she continued.
“The objective of the restructuring process is to streamline the business, to bring the business closer to our customer base and to make it more competitive. We are focusing on the areas of the business that we believe are overstaffed,” Fourie said.
Cell C has 1,288 permanent and fixed-term employees.
Cell C announced last week that its majority shareholder, Dubai-based Oger Telecom is currently injecting US$180 million (about R1,5 billion) as equity into Cell C.
“This foreign investment into South Africa demonstrates the confidence our shareholders have in both South Africa and Cell C,” said Cell C CEO, Alan Knott-Craig.
Appointed as new chief of Cell C in April, Knott-Craig has been on a drive to shake up the local market. The group launched its new prepaid voice product and tariff plan called “99 Cents For Real” on 20 May 2012, and has already exceeded 2 million orders for the product.
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