Published: 31 January 2014

Diversified group, TN Lifestyle Holdings, has announced plans to close over 10 outlets by end of next month as the group scales down operations to reduce operational costs, the company has said.

According to a statement issued by the group yesterday, TN will, with effect from today, shut down seven TN Harlequin, TN Grill and TN Mart branches across the country as depressed consumer demand hurt the business.

Apart from winding down some of its operations, the group also announced plans to effect job cuts in a desperate bid to improve efficiency.

Group chief executive officer Tawanda Nyambirai said: "We have decided to close several branches throughout Zimbabwe in order to reduce operating costs."
- newsday

You might also want to read this

• Tripartite negotiating forum establishment to address workers' plight
• Miner lays contempt of court charge against Nyambirai
• Nyambirai sinks $3m into beverage plant
• Ex-Arcturus Mine workers' stay in houses illegal
• TN Beverages to unveil new plant
• Nyambirai buys Arcturus Mine
• TN, workers fight over unpaid salaries
• TN Harlequin in major shutdown
• TN on recruitment drive