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Spar set to cut staff
March 19, 2026
|The Citizen
UNDER PRESSURE: SHARE PRICE HAS FALLEN 46% OVER LAST 12 MONTHS
Retailer Spar will launch a voluntary severance programme in certain parts of the business to improve operational efficiency and competitiveness.
This is part of a broader reset aimed at aligning Spar's cost base with current trading conditions and “to ensure that Spar is structured appropriately in order to support future sustainable growth”.
"The process does not affect the group's retailers or services provided to Spar's retail network," the company said.
The share price has fallen 46% over the last 12 months after a disappointing trading update and the shock resignation of CEO Angelo Swartz in February.
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