LISTED and majority family owned Trustco Holdings Limited recently completed a retrenchment exercise.
This was said by the company’s head of corporate communications, Neville Basson, who refused to mention the number of the employees retrenched.
“The decision to retrench was obviously not taken lightly, but in the context of a Namibian economy still struggling from the extended impact of the Covid-19 pandemic,” he said.
He said the associated subdued business confidence necessitated the streamlining of operations and staff to enable the group to effectively operate under the prevailing conditions.
Basson added that, as a listed entity, Trustco has a duty to all its stakeholders to ensure it continues to operate responsibly and sustain
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