Congo logger axes workforce

Congo Republic's largest logging firm has halved its workforce.

Congo Republic's largest logging firm has halved its workforce.

Congolese Wood Industries, known by its French acronym CIB, laid off 670 employees as a response to a global fall in demand.

The government had lowered taxes on timber firms in an effort to help the industry, one of the country's largest, but to no avail.

CIB is a subsidiary of international logging and wood products group TT Timber.