SOUTH African Commercial, Catering and Allied Workers Union (SACCAWU) is happy about the departure of Pick n Pay CEO Nick Badminton but are worried about the future of employees.
The retailer last week announced that Badminton would resign from its board as at end of the financial year, but would be available to assist the company and its chairman in the transition period.
Deputy CEO Richard van Rensburg will assume day-to-day operational responsibility, backed by a team of executives to further implement changes in Pick n Pay.
During the search for a new CEO, Pick n Pay chairman Gareth Ackerman will move to executive chairman responsible for company strategy and working with the leadership team to embed the changes in the business.
The union accuses Badminton of wanting to compete against Wal-Mart at the expense of workers.
"This lack of focus on business saw Pick n Pay, under Badminton's leadership, grafting from number one retailer to number three, losing market share to Shoprite Checkers and Woolworths, with great potential for Spar as well as Walmart-Massmart to do likewise. This attribution further exposes either naivety or partnership and collusion by whomever this utterance is said to be from," said SACCAWU's Mike Abrahams.
It was under Badminton that the company rebranded for R110-million.
Abrahams said: "Workers suddenly were thrown in tail-spin and became the first target for cost-cutting measures as they literally are regarded as a liability and profit generating tool, instead of an asset part of the broader family as their public relations' department claims."
Union welcomes CEO's resignation
SOUTH African Commercial, Catering and Allied Workers Union (SACCAWU) is happy about the departure of Pick n Pay CEO Nick Badminton but are worried about the future of employees.
The retailer last week announced that Badminton would resign from its board as at end of the financial year, but would be available to assist the company and its chairman in the transition period.
Deputy CEO Richard van Rensburg will assume day-to-day operational responsibility, backed by a team of executives to further implement changes in Pick n Pay.
During the search for a new CEO, Pick n Pay chairman Gareth Ackerman will move to executive chairman responsible for company strategy and working with the leadership team to embed the changes in the business.
The union accuses Badminton of wanting to compete against Wal-Mart at the expense of workers.
"This lack of focus on business saw Pick n Pay, under Badminton's leadership, grafting from number one retailer to number three, losing market share to Shoprite Checkers and Woolworths, with great potential for Spar as well as Walmart-Massmart to do likewise. This attribution further exposes either naivety or partnership and collusion by whomever this utterance is said to be from," said SACCAWU's Mike Abrahams.
It was under Badminton that the company rebranded for R110-million.
Abrahams said: "Workers suddenly were thrown in tail-spin and became the first target for cost-cutting measures as they literally are regarded as a liability and profit generating tool, instead of an asset part of the broader family as their public relations' department claims."
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