- Jun 18, 2005
Knew this for a long while now. Anyone at the corporate offices at Edcon would have seen this coming. You should see their staff compliment. More (useless) managers than actual workers. The people who do the work are all contractors who are pressured into working for next to nothing. Those managers cannot negotiate either. I saw them turn down a deal which landed costing them double in the end because they thought they could squeeze the contractor for more blood when they were getting a good deal.Edgars could close 1,300 stores and cut 40,000 jobs
Edgars is at risk of going under and closing many stores.
This is according to a report in the Sunday Times, which said Edcon – Edgars’ owners – is in massive financial trouble.