Kellogg Shutters Distribution Centers, Lays Off Workers

Kellogg Shutters Distribution Centers, Lays Off Workers

Many in the party attribute the ANC's poor performance in local elections last year to scandals surrounding the president and want to shore up their popularity ahead of national elections in 2019. This weekend, opponents proposed a motion of no confidence against Zuma at a meeting of leaders of the African National Congress party, which has led South Africa since the end of white minority rule in 1994.

Mr Price, which also sells homeware and furniture, is facing increased competition from international chains including Zara, H&M and Cotton On and has lost market share as local competitors, such as the ailing Edcon, mark down stock.

Zuma's ties to the Gupta family, Indian immigrant businessmen accused of trying to manipulate top government leaders for financial gain, has also stirred public anger. This weekend's edition of the Sunday Times reported on emails allegedly showing the Guptas' control over some Cabinet ministers and state-owned companies, as well as the involvement of Zuma's son Duduzane, a Gupta associate.

Mr Price blamed a drop in sales on weak consumer sentiment and the knock-on effects of political turmoil which culminated in President website laten maken Jacob Zuma firing finance minister Pravin Gordhan in March and credit ratings agencies downgrading the nation.

Edcon, an unlisted retailer, has had to restructure debt and clear old stock at much lower prices. Woolworths also marked down stock in what its Chief Executive Ian Moir described as a "feeding frenzy".

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(Reporting by TJ Strydom; editing by Jason Neely and Keith Weir) The company said improvement in the consumer environment is likely to only be gradual, but added that it was seeing encouraging signs in the current financial year.

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If you liked this article and also you would like to get more info concerning website laten maken kindly visit the webpage. But shares in Mr Price were up 5. 2 percent gain in the JSE's benchmark Top-40 index, as the company kept its full-year dividend at 667 cents per share. 50 rand by 0824 GMT, compared with a 0.

JOHANNESBURG, May 30 (Reuters) - South Africa's Mr Price Group Ltd posted a 12 percent drop in full-year earnings, the first annual profit decline since 2001, as consumers struggle in a sluggish economy.

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Zuma survived a similar move to oust him at a committee meeting in November, but unease within the ruling party grew after he fired Pravin Gordhan, the widely respected finance minister, in a Cabinet reshuffle in March.

Mr Price, which has grown for three decades by undercutting competitors and catering to thrifty shoppers' fashion needs, said a mild winter caused rivals to mark down stock to match its own prices, further weighing on sales.

Other closings include centers in Houston and Fort Worth, Texas, affecting 420 workers. The Battle Creek, Michigan-based company will shut down a distribution center in Memphis and lay off 172 workers. It will close a center in Sharonville, Ohio, and lay off nearly 250 employees. Facilities in Charlotte and Greensboro, North Carolina, will also close, affecting 500 workers.

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The company is following through on a prior decision to shift to a warehouse system. Kellogg is closing distribution centers around the nation, laying off more than 1,000 workers. It has been cutting costs as sales decline amid changing consumer trends. FILE - In a Wednesday, July 18, 2012, file photo, Kellogg's cereals are on display at a Pittsburgh grocery market.

Kellogg and competitors like General Mills and Post have been cutting costs and changing strategies as consumer trends shift away from processed foods in North America, a key market for Kellogg. Sales have been declining since 2013 at Kellogg.

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KEN-HERITAGE ENGINEERING CONSULTANCY LIMITED was started in August 2008. It was established to provide comprehensive consulting services in building services, electrical, mechanical and sanitary engineering, together with a broader service in industrial engineering management, management information and communications systems consulting.

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