Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,354.40 +121.18 0.80%
S&P 500 1,667.47 +17.00 1.03%
Nasdaq 3,498.97 +33.72 0.97%
Ticker Volume Price Price Delta
STOXX 50 2,817.99 +11.29 0.40%
FTSE 100 6,723.06 +35.26 0.53%
DAX 8,398.00 +28.13 0.34%
Ticker Volume Price Price Delta
Nikkei 15,138.10 +100.88 0.67%
Hang Seng 23,082.70 +38.44 0.17%
S&P/ASX 200 5,180.77 +15.11 0.29%

Gijima of South Africa to Fire 200 Workers, Union Says

Gijima Group Ltd. (GIJ), a South African computer-services company, plans to fire 200 workers by August as it seeks to reduce operating costs after it lost a major contract, the labor union Solidarity said.

“A number of Gijima employees received a letter yesterday, informing them that a new retrenchment process was in the offing,” the labor union said in an e-mailed statement today.

Gijima, based in Pretoria, can’t say how many workers will may be affected is it’s still consulting employees, spokesman Tshidi Ramoshaba in an e-mailed statement. It plans to cut costs, which “will include reducing its human capital costs by between 8 percent and 12 percent,” the company said in a statement on May 15.

To contact the reporter on this story: Sikonathi Mantshantsha in Johannesburg at smantshantsh@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Sponsored Link