BPC cuts 368 jobs in turnaround strategy

Masa 2020 envisages the BPC as a profitable entity within two years, free from a reliance on government, operating efficiently and serving its customers. The strategy became necessary as the BPC continued bleeding billions of Pula in annual losses, while operational inefficiencies piled up and services standards plummeted.

BPC CEO, Stefan Schwarzfischer told journalists this morning that the retrenched staff were between bands 6 to 11, a range which also included cleaners and maintenance staff, with most leaving voluntarily as their positions were no longer required. The retrenchment exercise also included executives.