Today's Labour News

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omniaBusinessLive reports that Omnia, a provider of specialised chemical products and services, is to cut 125 jobs, or 15% of the jobs, in its chemicals business.  

The looming restructuring and job losses at Omnia’s Protea Chemicals bear testimony to the effects of a constrained manufacturing sector which, in Omnia’s case, has resulted in reduced production volumes and demand.  Protea Chemicals buys and sells chemicals.  MD Adriaan de Lange said:  “The issue is that we are not able to add a lot of value.  We just distribute chemicals in a very competitive environment and in a market that does not grow.  We are now trying to reposition the business and to focus on creating commercial solutions by focusing on the distribution channels and safe handling of chemicals.”  Omnia’s products are used in the mining, agriculture and chemicals sectors.  De Lange observed:  “Farmers are under financial pressure.  We can see that.  A lot of people say it is due to land reform.  Farming is going through a negative cycle at the moment.  There is oversupply of land.  This has caused prices of land to drop.”  He also cited uncertainty about the Mining Charter.

  • Read the full original report in this regard by Siseko Njobeni at BusinessLive

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