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Around 300 jobs could be at threat of redundancy at Putco as the commuter bus company allegedly undergoes a restructuring plan following a cash crunch due to the covid-19 pandemic.
An employee who has been with the company since 2012, told Soweto Sunrise News that, in early January, hundreds of workers were allegedly confronted with a cruel notification. “The company is yet to issue out letters”.
“We have no option but to accept whatever is being offered to us”. According to a bus driver who spoke in condition of anonymity, the company has been more vocal about stuff retrenchment since last year. Efforts to contact the company representative did not bear any fruit.
The extended lockdown has had a clear impact on South- African companies, with various private entities reporting an increase in retrenchment and insolvencies due to lost revenues.
The Public Utility Transport Corporation (Putco) has been providing services in the provinces of Gauteng, Limpopo, and the western parts of Mpumalanga since 1945.
Thapelo Magola Soweto Sunrise News