Hwange Colliery proposes 1 300 job cuts

Hwange Colliery proposes 1 300 job cuts
Published: 17 May 2018
HWANGE Colliery Company Limited (HCCL) shareholders toyed with the idea of cutting 1 300 jobs to save the company two years ago, a report has said.

Minutes of two-day meetings of major shareholders held on October 17 and 18 indicate that one of the shareholders suggested that the company, with 2 400 workers, trim its headcount to 1 100.

Government, with about 38 percent shareholding in the company at the time, was the major shareholder.

Nicholas van Hoogstraten's Messina Investments, having about 34 percent shareholding, was the second largest shareholder.
- fingaz
Tags: Hwange,


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