South Africa: PPC has started a cost cutting campaign at its head office following poor cement sales so far in 2018. A source quoted by Business Report told the newspaper that staff redundancies had taken place already. The fall in sales has been blamed on poor local economic growth, the impact of a value added tax (VAT) increase on consumer spending and problems in the construction industry, including a fall in large infrastructure projects and private non-residential building.
PPC makes redundancies at head office in poor market
URL: https://www.globalcement.com/news/item/8203-ppc-makes-redundancies-at-head-office-in-poor-market
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