Triangle Limited, an agri-based sugar company wholly owned by the Tongaat Hulett Group, has announced a massive job cut exercise citing operational challenges. According to the company’s Managing Director, Tendai Masawi, the retrenchment exercise will be conducted in three phases between February and August 2025.
The job cuts are expected to impact a significant number of employees, although the exact number has not been specified. The company’s decision to retrench staff is aimed at addressing operational challenges that have affected its performance. As an agri-based sugar company, Triangle Limited has faced various challenges, including fluctuations in global sugar prices, climate change, and competition from other sugar producers.
The retrenchment exercise is expected to have a significant impact on the local community, where Triangle Limited is a major employer. The company has assured stakeholders that it will provide support to affected employees, including severance packages and counseling services. The exercise is subject to consultation with relevant stakeholders, including employee representatives and regulatory authorities.
Dandaro Online, Breaking News in Zimbabwe today
Dandaro Online, Zimbabwe Latest News today
