Zimbabwe Stock Exchange-listed beverages maker Delta Corporation has said that it will not be retrenching in Zimbabwe. This is despite the recent announcement by its new parent company AB InBev that it will be cutting 5 500 jobs worldwide. In South Africa, more than 1000 employees are set to lose their jobs as a result.
Delta Corporation company secretary Mr Alex Makamure, told the Sunday Mail that in Zimbabwe jobs are secure as they are not determined by the parent company but by the prevailing situation in Zimbabwe. He said if any job losses were to occur, it would be as a result of the prevailing economic hardships in Zimbabwe. Said Makamure:
As far as we can read from the AB InBev statements, the anticipated global job losses referred to did not cover associate entities. As Delta we are not privy to the circumstances giving rise to the retrenchments in South Africa that you allude to.
Any job losses in Zimbabwe will be driven by the unavoidable review of our business given the difficult trading environment and not as a consequence of the changes at shareholder level
More: Sunday Mail