PHUMELELA MEDIA RELEASE – Wednesday 3 July – Phumelela amends offer to staff
Phumelela executives met with officials of the Academic and Professional Staff Association (APSA) yesterday afternoon following media reports that the trade union was planning to disrupt this Saturday’s Vodacom Durban July at Greyville.
The Durban July is Africa’s most famous horserace and is staged by Gold Circle, the horseracing and tote betting company in KwaZulu-Natal.
After yesterday’s meeting Phumelela decided to amend its offer to Betting Division staff. This revised offer has been submitted to APSA officials and Phumelela is now awaiting a response.
Phumelela is optimistic that an amicable solution will be reached with the trade union.
The company recently undertook a Section 189 A retrenchment process, facilitated by the CCMA, because it has no option but to close a number of stores that are not operating profitably. Simultaneously, several duplicated roles have been rationalised.
Phumelela regrets the loss of jobs, but as is the case with numerous other companies, the current state of the South African economy leaves the company with absolutely no choice but to rationalise its operations.