Workers pay for Sun International’s failed gamble
After a 96% loss in revenue following the pandemic, the hotel chain is retrenching workers in South Africa and Chile. But is Covid-19 being used as an excuse after bad investments?
retrenchment
The shock of sudden retrenchment
A company closing, its employees let go by ‘the bearer of bad news’. Sucker punched, one man has yet to tell his mother.
Journalist workforce halved from a decade ago
Publishers are citing tough financial circumstances as the reason for retrenchments, blaming the shift to online consumption of news. Instead of seeking new business models, journalists are being laid off.