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Retrench

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Global tech giant, Microsoft, is reportedly set to cut 5% of its workforce. (Photo by SAUL LOEB/AFP via Getty Images)
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In brief: The week in business

Plant-based products becoming more popular; Microsoft set to retrench 10 000 employees; and Black Friday blues

  • Anathi Madubela
3 min read
Hope: The plan to cut jobs was made in June. Now, with increased demand for steel, the company will restart a blast furnace in January. Unions argue that this will reduce job cuts. Photo: Waldo Swiegers/Bloomberg/Getty Images
ARCELORMITTAL SOUTH AFRICA

ArcelorMittal plans to retrench 2 500 workers

Africa’s largest steel producer announced in June it would begin the section 189 process after its initial cost-cutting measures were inadequate to insulate it from a weak…

  • Thando Maeko
3 min read