Sasol may cut as many as 1,000 jobs as a result of a reorganisation, according to trade union Solidarity said. Marius Croucamp, a spokesman for Solidarity, indicated that talks with the union started in late November after Sasol and Boston-based management consultancy Bain & Co. developed proposals to reduce the company's size. It employs more than 35,000 people in 37 countries. Sasol plans to save R3bn from cost cuts within the next two to three years, the company had said in a 9 September presentation. "Due to the progress made in designing the new operating model, we are contemplating potential people impacts as a result of this program," Sasol spokesman Alex Anderson said in an e-mail response to questions, adding that: "We anticipate that for at least the next six months the impacts will be limited to the senior management structures in the organisation." Croucamp said the union's concern was that, with job cuts, extended families were affected and there was no alternative for workers to go to in the job market.
- This report is at Business Report
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