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South Africa's Pioneer Foods cutting jobs to reduce costs
date:Oct 15, 2013
Retailers and those who supply the sector in Africa's biggest economy are under pressure as debt-laden consumers cut spending, while higher input costs and tougher competition hit margins.

Pioneer chief executive Phil Roux said reducing the wage bill was one of the initiatives the firm was undertaking to increase competitiveness and enhance profitability.

We are reducing our head count. Most of the work has taken place already, Roux said.

He did not say how many jobs the group, which makes br

12/24 01:01