Struggling Putco looks to keep business afloat as it readies to cut 214 jobs

Lockdown regulations required the bus service to reduce its passenger numbers to no more than 50% of its licensed capacity. Putco labour relations executive, Pride Anozie, said that this resulted in trips operating at a loss.

FILE: Putco buses. Picture: Facebook.

JOHANNESBURG - The COVID-19 pandemic has put severe strain on Putco's finances, with the passenger bus company on course to retrench 214 employees.

Lockdown regulations required the bus service to reduce its passenger numbers to no more than 50% of its licensed capacity.

The company has a fleet of 1,400 buses and transports more than 210,000 passengers daily.

Putco labour relations executive, Pride Anozie, said that this resulted in trips operating at a loss.

"We need to align our expenditure with our reduced income. We are faced with a situation that is not something that we are happy with, but unfortunately to keep the sustainability of the business, that is the process that we have to undergo."

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