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Business Report writes that OneLogix, the listed niche logistics provider, has had to retrench about 50 employees in its auto logistics businesses because of the downturn in new vehicle sales.
The retrenchments were in the group’s Vehicle Delivery Services (VDS) and Commercial Vehicle Delivery Services (CVDS) businesses and involved employees right across the spectrum, from top management down to junior staff. The retrenchment costs resulted in the group incurring a once-off charge of R4.4million in the six months to November. OneLogix CE Ian Lourens on Thursday said the “noose had tightened for three and a half years” and that he was surprised the group could hold out for so long. The group has a workforce of about 2,300.
- Read this report by Roy Cokayne in full at Business Report
Get other news reports at the SA Labour News home page