(Bloomberg) -- Netcare Ltd. plans to cut as many as 500 jobs as it seeks to reduce costs after a failed expansion plan in the U.K., according to Johannesburg-based Business Times.
While the South African company won't retrench any nurses, other positions will be reviewed, the newspaper cited Netcare employee relations manager Ramasela Mokonyama as saying. Netcare employs 20,000 people.
After exiting the U.K. private hospital market last year, Netcare previously said it's sticking to its “asset lighter” approach in a rapidly evolving industry.
To contact the reporter on this story: Loni Prinsloo in Johannesburg at lprinsloo3@bloomberg.net
To contact the editors responsible for this story: Rebecca Penty at rpenty@bloomberg.net, Shaji Mathew, Claudia Maedler
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