Massyn Vervoer is closing down its entire logistics operations in South Africa due to the unfavourable market conditions in the Road
Freight Industry, the vandalism and damages the company experienced and the overall challenging South African economy, Director Frans Massyn announced on Thursday.
Massyn revealed the developments in a notice to all staff members of the logistics company.
He wrote;
RE: NOTICE OF SALE AND/OR POSSIBLE CEASING OF OPERATIONS
It is with a heavy heart and deep regret that I have to inform all staff, that we have taken a decision to cease our entire logistics operations within the Republic of South Africa (RSA). This is mainly due to the market conditions in the Road Freight Industry, the vandalism and damages we experience and the overall challenging South African economy.
There is a potential buyer, however, no confirmation has been forthcoming. In the event of the company being sold, we will consult all staff in terms of the transfer.
If no sale agreement is reached, we will cease operations effectively 30 April 2022. All statutory monies such as severance pay and National Bargaining Council for the Road Freight and Logistics Industry (NBCRFLI) entitlements will be paid to each employee.
May I thank all of you for your loyalty and hard work over the years.
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At the time of publishing, Massyn Vervoer had not yet responded to SA Trucker’s request for comment.
