Business

Makro and Game workers go on strike

Workers will begin an indefinite strike on Friday (19 November) in any respect group firms owned by Walmart-led Massmart Holdings in South Africa, Reuters experiences.

The strike motion is being led by the South African Commercial Catering and Allied Workers Union (Saccawu), an affiliate of commerce federation Cosatu, and focuses on failed wage and retrenchment agreements.

Saccawu stated the nationwide strike would come with Massmart’s main grocery store shops similar to Makro, Builders and its money and carry format Mass Cash, which represents 229 shops throughout the nation. The union stated it had a number of engagements with the company this year, however it has did not agree on wages and lay-offs at a few of its shops.

“The company has shown little interest in resolving the labour disputes at hand. This has left the union with no option but to galvanise a massive indefinite strike in this group,” it stated.

The strike motion comes as Massmart continues to focus on new turnaround plans, together with a revamp of a number of of its shops and an even bigger push into e-commerce. The group has additionally closed a number of non-profitable shops – together with the Dion Wired model in 2020.

In August 2021, the group introduced the sale of a number of non-core companies to the Shoprite Group for R1.36 billion.

The sale noticed Shoprite take possession of Cambridge Food, Rhino, Massfresh and 12 Cash & Carry shops. The sale remains to be topic to regulatory approval, which Massmart hopes shall be concluded within the first quarter of 2022.

Massmart stated that it’ll use the sale proceeds to pay down drawn financial institution amenities and put money into e-commerce. It may also pump money into merchandise areas the place the remaining Massmart manufacturers are the market leaders.

This contains common merchandise (Makro), DIY (Builders) and wholesale meals and liquor.


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