Cell C plans to retrench close to a thousand employees

VAAL TRIANGLE - The cellphone service provider Cell C is expected to retrench about 960 employees due to a growing debt burden. According to a spokesperson, this represents 40% of the company’s staff and the affected workers have already been informed. Thirty senior Cell C executives were dismissed earlier this year while no new appointments were made during the past year. The retrenchments will be part of a turnaround plan to get rid of an R8.7billion debt burden.

PHOTO: (Supplied)

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