Airbus to cut 15,000 jobs as airline battles coronavirus fallout

The airline says travel is not expected to return to pre-crisis levels before 2023 at the earliest

ArcelorMittal feels the heat from activists at AGM

Environmental justice groups confront the steelmaker, accusing it of ‘green’ transgressions and lack of transparency

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KayDav warns of steep profit drop from Covid-19

Revenue has slumped for the trader of wood-based panels and packaging amid the pandemic

Barloworld looks to cut a quarter of its workforce

The logistics group, which has almost 15,000 employees, plans to save about R400m a year

Battling security division drags CSG Holdings into loss

Heps deteriorated due to weaker performance at all three arms, but especially at 7 Arrows and Revert Risk Management

Activity is improving as lockdown eases, Grindrod says

The bottleneck at the Komatipoort and Lebombo border post between SA and Mozambique is being resolved, the group says

Hulamin suffers R1.3bn write-down amid US protectionism threat

Protectionism in the US and SA’s deteriorating outlook resulted in the group writing down assets by about three times its market capitalisation

ArcelorMittal wants EU support to make steelmaking greener

The company’s green plans posit two processes to reduce carbon emissions, being ‘smart carbon’ and direct reduction of iron ore

Mpact warns of profit hit from Covid-19

The packaging group largely operated as an essential service during the lockdown, but the pandemic has had an effect on demand

First Car Rental owner CMH cutting fleet due to Covid-19

Combined Motor Holdings says reductions of its rental fleet will continue week by week as the economy reels

Omnia shares surge to best performance in almost two decades

The chemicals and fertilizer group reports a return to profit as restructuring continues

Hulamin warns of loss due to high fixed costs

The aluminium supplier has said 2019 was unusually challenging

Car rental to bear the brunt of Motus Holdings’ layoffs

More than half the staff in that division face retrenchment as fleet is scaled back and  branches closed

Jobs on the line at ArcelorMittal SA due to Covid-19

The company says cost-saving measures it initially took will not be enough as it battles the unprecedented effect of the virus

Tesla will buy cobalt from Glencore in bid to avoid supply squeeze

Contract will help the carmaker shore up stockpiles for new plants in China and Germany

Volumes recovering faster than thought, Bidcorp says

Group sales have been hit by the Covid-19 pandemic, but is optimistic about a recovery in the food services sector

Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.