Massmart continues CCMA consultations over retrenchments
Multi-national company, Massmart, says it will continue to consult with the Commission for Conciliation, Mediation and Arbitration (CCMA) over retrenchments at their Dion-Wired stores.
This comes after the group closed down 23 Dion-Wired stores on Thursday evening.
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Massmart initiated retrenchment consultations in January regarding the possible closure of 34 "persistently unprofitable stores" which include the 23 Dion-Wired stores and 11 Masscash stores.
In a statement, Massmart says the decision to close down the Dion-Wired stores was not taken lightly.
"Massmart has made this difficult decision after consultation, facilitated by the CCMA, with affected colleagues and their representatives."
"Together, numerous alternatives to store closures were explored but ultimately failed to identify workable options that would return the stores to sustainable profitability."
The group says it is attempting to preserve as many jobs as possible.
"To this end our focus and priority is to leverage opportunities to preserve jobs through continued CCMA facilitated consultation, with affected colleagues and their representatives," concludes the statement.