Pioneer Foods, a South African food manufacturer, reportedly plans to cut more than 1,200 jobs, as part of its restructuring process to slice input costs in the wake of declining consumer spending.
It is believed that employees from the senior and middle management will be affected by the process, with majority from the company's Paarl head office.
The company operates four divisions that are engaged in the manufacture of food and beverages, including bread, breakfast cereal and juices under the Bokomo, Sasko, Quantum and Ceres brands.
Pioneer chief executive Phil Roux was quoted by Reuters as saying that reducing wage bill by restructuring is one of the initiatives the company has opted to improve competitiveness and profitability.
"We are reducing our head count. Most of the work has taken place already," Roux added.
