General Motors South Africa To Cut About 700 Jobs
06 April 2009 - 10:41AM
Dow Jones News
The South African arm of General Motors Corp. (GM) plans to cut
about 700 jobs in the country after market conditions deteriorated
further in the early part of this year, a spokeswoman said
Monday.
"We anticipate terminating the services of temporary contract
employees, extending the voluntary separation plan to all employees
and, as a last resort, implementing forced retrenchments," said
Denise van Huyssteen, communications manager at General Motors
South Africa.
Van Huyssteen said the company would only proceed with forced
job cuts after consulting with the industry union and other worker
representatives.
New vehicle sales in March were almost 13% higher than in
February, which had fewer trading days, but showed about a 30% drop
on a year ago, figures released last week by the National
Association of Automobile Manufacturers of South Africa showed.
-By Robb M. Stewart, Dow Jones Newswires; +27 11 783 7848;
robb.stewart@dowjones.com