Sasol Jobs

Sourced from BizNews. Sasol is set to begin employee dismissals from mid-August in efforts to cut costs in a new strategy aimed at boosting its balances. This comes after the company was battered by the general decline in oil prices as a result of the worldwide COVID-19 pandemic. According to Fin24, in a letter to its employees dated 18 June the company says it was under considerable financial pressure and that unless stringent and emergency actions are taken, it would not survive the year. The massive petrochemical firm, employer of 31,000 people around the world, continues to estimate that its financial position will remain under “severe pressure” due to the depressed prices on oil. Based in Johannesburg, Sasol says that its “…financial position continues to be under severe pressure, esp...