Cell C to close 128 stores, affecting 546 jobs

“Much like banks are moving away from brick and mortar branches, Cell C is embracing digital solutions and driving digital inclusion by leveraging collaborations and partnerships.”

The company has a workforce of 2 500 and 240 stores.

The consultation process for the job cuts announced in June started on July 30 and the company said it subsequently made a voluntary severance package offer.

Earlier this month, Cell C said it was making good progress with finalising its recapitalisation plan that will improve its liquidity and debt profile.

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