Africa-Press – Eswatini. Retailer SPAR says it will launch a voluntary severance programme in certain parts of the business to improve operational efficiency and competitiveness, Moneyweb reported on Wednesday.
It has been reported that, this is part of a broader reset aimed at aligning SPAR’s cost base with current trading conditions and “to ensure that SPAR is structured appropriately in order to support future sustainable growth”.
“The company blames fierce competition, deflation in certain categories, tight consumer spending and sluggish recovery in KwaZulu-Natal after repeated floods,” reads the Moneyweb report in part.
