Sugar producer Tongaat Hulett Zimbabwe plans to lay off 1 000 employees by August this year, a company official said, as it seeks to cut costs and survive the country's currency turmoil and inflationary pressures.

News24

South Africa

Tongaat Hulett Zimbabwe to fire 1 000 workers amid currency crisis

Media Bias/Fact Check

24.com

Zimbabwean companies are grappling with severe economic challenges, including soaring inflation, a skewed exchange rate, and escalating operational costs, forcing some to retrench workers and others to reduce stock levels.

allAfrica

Amadou Mahtar Ba

Zimbabwe's Business Sector in Survival Mode As Inflation and Currency Woes Bite

The company has complained of soaring labour and fertiliser costs due to the country’s unstable currency

Times Live

Johannesburg

City of Johannesburg Metropolitan Municipality

Gauteng

Tongaat Hulett Zimbabwe to lay off 1,000 workers amid currency crisis

Sugar producer Tongaat Hulett Zimbabwe plans to lay off 1 000 employees by August this year, a company official said, as it seeks to cut costs and survive the country’s currency turmoil and inflationary pressures. Source link : https://www.news24.com/fin24/companies/tongaat-hulett-zimbabwe-to-fire-1-000-workers-amid-currency-crisis-20250116 Author : Publish date : 2025-01-16 16:02:51

Afric Info

News24 | Tongaat Hulett Zimbabwe to fire 1 000 workers amid currency crisis

HARARE – Sugar producer Tongaat Hulett Zimbabwe plans to lay off 1,000 employees by August this year, a company official said, as it seeks to cut costs and survive the country’s currency turmoil and inflationary pressures. The company, one of Zimbabwe’s biggest employers with a workforce of 16,000, has complained of soaring labour and fertilizer costs and currency losses due to the country’s unstable currency. Tongaat Hulett operates Zimbabwe’s …

Zimbabwe News Now

Tongaat Hulett Zimbabwe to lay off 1,000 workers amid currency crisis - Zimbabwe News Now

TRIANGLE, CHIREDZI- Tongaat Hulett Zimbabwe, one of the country’s largest sugar producers, has announced plans to lay off 1,000 workers by August 2025. This decision is part of a broader strategy to manage rising operational costs, driven by the nation’s inflation and currency instability. The company, which employs approximately 16,000 people across its two sugar mills, operates with a combined capacity to crush 3.5 million tons of sugarcane an…

Tongaat Hulett Zimbabwe to fire 1 000 workers amid currency crisis

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics