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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 »

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 »

South Africa's Pick n Pay cuts 3500 jobs, warns on H1 - Times LIVE

Pick n Pay has cut 10% of its staff, eliminating approximately 3,500 jobs, the South African grocer said on Monday, as the country grapples with its first recession in eight years. Most of South Africa's retailers have flagged lower or stagnant profits ...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 »

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 ...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 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 »

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

“These roles and functions were no longer required due to improvements in organisation, planning and technology.” By. Gugu Lourie. -. July 31, 2017. 0 · Share on Facebook · Tweet on Twitter. Pick n Pay | The Falls (Photo Credit: Pick n Pay). South ...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 sheds 3500 jobs - eNCA

File: Pick n Pay is the country's second largest supermarket chain and boasts more than 1,500 outlets. Photo: Reuters. 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 ...and more »