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Pick n Pay shares slip after retrenchment costs warning - Business Day

The Pick n Pay share price recovered to close stronger on Monday following news the half-year earnings figure would take a hit from the most severe staff reduction programme yet implemented at the retail group. The share price initially fell 3.4% to ...and more »

Pick n Pay announces profits warning, but that's not what's shocked SA - Eyewitness News

... profits warning, but that's not what's shocked SA. Pick n Pay, which employs around 35,000 people, said the cost of the retrenchments will weigh on its profits in the six months to end-August. Picture: EWN. Job cuts · PicknPay store. Email; Print ...and more »

Pick n Pay CEO: We had no choice but to offer voluntary retrenchment - Eyewitness News

The company has confirmed that workers were offered packages as the company cites harsh economic conditions. Picture: Supplied. Pick n Pay · Retrenchments. Email; Print. Share · Ray White | about a year ago. JOHANNESBURG - Pick n Pay CEO Richard ...and more »

SA's Pick n Pay Workers vs Technology Leads to Job Cuts - (blog)

South Africa's Pick n Pay initiated a voluntary severance package (VSP) in April to remove 10% of roles and functions in its business because of improvements in technology. The retailer said on Monday in its trading update published on the JSE that the ...and more »

Technology is killing jobs at Pick n Pay – but that's not the whole story - BusinessTech

Retailer Pick n Pay said in business and trading statement on Monday that it has removed a chunk of its roles and functions due to improvements in technology, among other things. “Through its work to improve the efficiency and productivity of its ...and more »

Pick n Pay sheds thousands of jobs in voluntary severance programme - DestinyConnect

In an effort to improve operating costs and to ensure future sustainability, South African retailer Pick n Pay Stores Limited announced on Monday that it had cut thousands of jobs in a voluntary severance programme (VSP) initiated in April 2017. As a ...and more »

Pick n Pay's retrenchments plans schocking - COSATU - Politicsweb

COSATU is shocked by the recent reports by Pick n Pay that it is planning to cut 10% of its workforce. This means that up to 3 500 jobs will be lost and thousands of peoples livelihoods will be compromised. This is regrettable considering the fact that ...and more »

Pick n Pay sheds 3500 jobs - eNCA

JOHANNESBURG - Pick n Pay on Monday said it had cut around 3,500 jobs -- 10 percent of its workforce -- in a bid to curb costs in an economy battling a recession. "The voluntary severance programme is one of several steps we have taken to make our ...and more »

Pick n Pay cuts 10% of its jobs - Independent Online

Bloomberg - Pick n Pay Stores Ltd eliminated thousands of positions as South Africa's second-biggest supermarket chain further reduces costs to help combat waning consumer confidence and increasing competition. The retailer removed about 10% of its ...and more »

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 ...and more »