Edgars SA to retrench workers

Edgars SA to retrench workers

JOHANNESBURG -SOUTH African retailer Edcon launched a cost-cutting plan that may include jobs cuts, it said on February 3, 2015 as the debt-burdened company tries to save money to pay down debt.

“This process may result in a reduction of headcount within Edcon’s head office. We cannot confirm numbers as yet,” the company said in statement. -Reuters