Pick n Pay’s return to profitability depends on cutting employees’ pay, among other factors
The retailer has, for a number of years, implemented different turnaround strategies in a bid to return Pick n Pay to its former glory.
Pick n Pay added that “the proposed changes to terms and conditions (as alternatives to retrenchment) form part of the Group’s ongoing turnaround strategy and are aimed at ensuring that store-based labour practices, organisational structures and terms and conditions of employment remain sustainable, competitive and aligned with the requirements of the retail market.
Pick n Pay’s new turnaround strategy While Pick n Pay made some money from listing Boxer, the move did not completely take the former out of the woods.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
