Pick n Pay slashes 3500 jobs - News24

Pick n Pay has cut 3500 jobs as part of a voluntary severance programme the retailer started in April to save costs amid a recession. The job cuts – equal to 10% of the retailer's total workforce of 35 000 – were due to changes in Pick n Pay's business ...

Short-term pain as retrenchments hurt Pick n Pay's half year earnings - BizNews

After an initial pull back, Pick n Pay's share price jumped more than 3 percent by noon on Monday. The grocery chain expects half year earnings to fall 10-20 percent after a voluntary severance programme saw it cut back 10 percent (or 3,500) of its ...