BCX to begin retrenchments

Friday 9 November 2018 | 09:22 CET | News

South African ICT services company BCX is set to retrench employees, reports ITWeb citing an internal memo to staff. CEO Jonas Bogoshi said the unions have been served with a Section 189 notice inviting them to attend the first Commission for Conciliation, Mediation and Arbitration meeting set for 21 November. 

According to Bogoshi, this communication comes after many discussions and various considerations of alternatives to the Section 189 notice process. The strategies in place to mitigate declining voice revenues will not substitute for the decline, as the replacement technologies and new revenue streams are at lower margins. He says the changes within the organisation must also be considered against what is “happening in our environment. South Africa is in a technical recession. We are expecting that current and potential clients will continue to withhold IT spend in this economic environment."

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Categories: IT
Companies: BCX
Countries: South Africa
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