AgriSouthAfrica

Afgri - Union disputes cutting of jobs

Thursday, 10 December 2009 08:09 Business Report

Agricultural firm Afgri, which posted an operating profit of R1.2 billion in the 12 months to June, planned to retrench 13 percent of the staff in its financial unit, trade union Solidarity said yesterday. The retrenchment of 32 of the group's 231 employees in the division is, according to Afgri's management, essential due to the poor business conditions and weak financial position of the unit in question. Solidarity maintains that the group's financial situation does not justify the retrenchments.

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