TFG commences Section 189 process
Retail major The Foschini Group Limited (TFG), the owner of around 40 brands across three markets, has commenced a formal consultation process under Section 189A of the Labour Relations Act that could see retrenchments of some of its South African staff.
Moneyweb understands that a number of roles at its head office could be affected but that this process does not impact its store-level retail operations.‘Protecting employment’ In response to questions from Moneyweb, TFG said only that it “has been reviewing part of its Head Office operating model to reduce complexity and structurally lower our cost of doing business, in line with the group’s strategic objectives”.
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