Putco to retrench 214 employees due to the financial distress caused by Covid-19

News South Africa

Tebogo Msimanga |

Putco says like most bus companies, it has been severely affected by the pandemic, with declining  passenger numbers and loss of revenue. Putco employs more than 3600 employees with approximately 25 200 persons that depend on the company for their livelihood

“Following the declaration of the Disaster Management Act, government developed regulations for public transport that we had to comply with and implement. We scaled-down our operation and only transported essential workers, whilst private hire and commercial contracts could not be operated.”

 “We urge authorities to intervene in order to curb the imminent closure of bus companies like Putco.” Read a issued by Business Development and Marketing executive Matlakala Motlloung.

On Wednesday, Greyhound announced that is it shutting down operations after 37 years.

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