ONE of the country’s leading sugar producers, Triangle Limited, has announced plans to retrench some of its workforce due to economic challenges.
This comes as most companies are struggling to operate with Beta Holdings and Khaya Cement recently applying to the Master of the High Court to be placed under voluntary corporate rescue.
In a notice yesterday, Triangle said the decision to retrench had been taken to protect the long-term sustainability of the company and ensure it plays its vital role in the country’s economy and save the livelihoods of communities in the Lowveld region.