Today's Labour News

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sasolBusinessLive reports that chemicals group Sasol announced on Thursday that it would be consulting its workforce on possible retrenchments after deciding on an organisational shake-up that will result in two core businesses.  

Sasol “2.0” will be focused on chemicals and energy, with each responsible for their own profit and loss, the group indicated.  It went on to state:  “The redesign of the organisation to enable our sustainability at lower oil prices will have an impact on our workforce structure.”  The chemicals business will focus on its activities in speciality chemicals, while the energy business will comprise the Southern African value chain and associated assets and will pursue greenhouse gas emission reduction through focus on gas as a key feedstock and renewables as a secondary energy source.  The group has also agreed a new debt framework with lenders.

  • Read the full original of the report in the above regard by Karl Gernetzky at BusinessLive

Read too, Sasol revamp to cut jobs, end West African oil ops, at Moneyweb

Get other news reports at the SA Labour News home page