Tsogo Sun warns of job losses
Job cuts loom for Tsogo Sun as tourism takes a dip.
South Africa’s biggest hotel operator Tsogo Sun says further job cuts will be required as the Temporary Employer/Employee Relief Scheme (TERS) comes to an end.
The hotel chain, which operates about 100 hotels, put a freeze on new appointments and cut staff salaries as the Covid-19 pandemic brought travel to a halt.
As corporate travel and international tourism struggles, the group warned in a trading update that revenue is expected to be between 81 percent and 87 percent lower in the half-year to end-September than the previous period.
Local hotels have warned that they will struggle to survive on revenue from the local tourist trade alone.