South Africa's SPAR announces voluntary job cuts to improve costs

Reuters

Mar 17

JOHANNESBURG, March 17 (Reuters) - South Africa's SPAR Group SPPJ.J said on Tuesday that it will launch a voluntary severance programme in selected parts of its business as the retailer pushes ahead with efforts to improve costs and sharpen competitiveness.

The initiative forms part of a wider operational reset aimed at aligning the company's cost structure with softer trading conditions.
The programme is voluntary and will not affect its network of independent store owners or the services it provides to them.
SPAR did not share targeted number of job cuts.

(Reporting by Nqobile Dludla)

((nqobile.dludla@thomsonreuters.com; +27103461066;))

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