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Struggling Putco looks to keep business afloat as it readies to cuts 214 jobs

Lockdown regulations required the bus service to reduce its passenger numbers to no more than 50% of its licensed capacity. Putco labour relations executive, Pride Anozie, said that this resulted in trips operating at a loss.

Johannesburg , Gauteng , South-africa , Facebook , Struggling-putco , Pride-anozie , Putco , Corona-virus , Covid-19 , Coronavirus-in-south-africa , Sa-lockdown

Struggling Putco looks to keep business afloat as it readies to cut 214 jobs

Lockdown regulations required the bus service to reduce its passenger numbers to no more than 50% of its licensed capacity. Putco labour relations executive, Pride Anozie, said that this resulted in trips operating at a loss.

Johannesburg , Gauteng , South-africa , Facebook , Struggling-putco , Pride-anozie , Putco , Corona-virus , Covid-19 , Coronavirus-in-south-africa , Sa-lockdown

Putco to shed more than 200 jobs

Putco to shed more than 200 jobs
Updated
Nokukhanya N Mntambo
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Passenger bus company Putco says it will shed 214 jobs due to financial constraints triggered by the Covid-19 pandemic.
The company labour relations executive Pride Anozie says restrictions to the passenger carrying capacity impacted its profit margin.
Anozie says private hire and commercial contracts were halted at the start of the lockdown, further crippling the company.
“I think the rationale around the whole things is purely due to the pandemic itself, Covid-19, which had an impact on our passenger levels and it ended up affecting and impacting our revenue.

Southern-african-bus-operators-association , Pride-anozie , Public-transport-operations-grant , ப்ரைட்-அனோஜிஏ , பொது-போக்குவரத்து-செயல்பாடுகள்-மானியம் ,

Putco set to lay off 214 staff members due to financial distress

Putco set to lay off 214 staff members due to financial distress
In a statement released on Thursday afternoon, the bus service said this came as a result of scaled-down operations brought on by the COVID-19 pandemic and the resulting decline in passenger numbers.
FILE: Putco buses outside the Sandton Testing Station. Picture: Taurai Maduna/Eyewintess News.
46 days ago
CAPE TOWN - Bus company Putco is set to retrench 214 staff members as a result of financial distress.
In a statement released on Thursday afternoon, the bus service said this came as a result of scaled-down operations brought on by the COVID-19 pandemic and the resulting decline in passenger numbers.

Kevin-brandt , Taurai-maduna-eyewintess , Southern-african-bus-operators-association , Sandton-testing , Pride-anozie , கெவின்-பிராண்ட் , ப்ரைட்-அனோஜிஏ ,