Wescoal starts retrenchment process as low domestic, export demand persists

Coal miner Wescoal has started the process to implement group-wide retrenchments, noting that this is necessary in light of lower demand from key customers, a lower selling price, above-inflation cost increases and the negative impact of Covid-19 on the company, which has necessitated a reassessment of its business model and to implement cost saving initiatives. The miner has started a Section 189 process, which it expects to conclude by mid-December, with staff reductions to implemented across all operations.