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Sad News for Sasol Employees

FrancisNkufi 06/26/2020

View pictures in App save up to 80% data. Sasol Limited proudly develops and commercialises technologies, including synthetic fuels technologies, and produces different liquid fuels, chemicals and electricity.

Founded in 1950 in an area called Sasolburg, on the the very south side of Johannesburg, South Africa, and now based in Sandton,

The impressive site is an integrated energy and chemical company that was first built on processes that were first developed by German chemists and engineers in the early 1900s.

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With close to 31 000 employees worldwide, many of them are unfortunately about to loose their jobs come August.

Yes, the company that is said to be under serious financial pressure, will begin dismissing employees from mid-August as part of a cost cutting strategy.

Due to the Covid-19 wrong doing, and to the depressed oil prices, this seems like the only way out for the company.

Sasol also announced that the sad process would be determined through a diagnostic phase and proposed criteria including the last in, first out system, as well as the skills and competence of employees.

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With this said, thousands of people are expected to sadly be slapped with retrenchment letters, and be added to the famous South African famous unemployment list.

This will just adds up to the multi economic headaches of President Cyril Ramaphosa.

Source: opera.com
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