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Zimbabwe's Triangle Limited plans to lay off workers due to financial pressures and competition.
Zimbabwe's largest sugar producer, Triangle Limited, plans to retrench workers starting late February 2025, due to high operational costs, inflation, and competition from imported sugar.
The company faces a 55% drop in profit margins and 133% increase in manpower costs.
Despite efforts to cut costs and boost revenue, the measures were insufficient.
Triangle will offer fair severance and support programs to affected employees, aiming to ensure the company's long-term sustainability.
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Triángulo limitado de Zimbabwe planea despedir trabajadores debido a las presiones financieras y la competencia.