Financial losses force Ellies to look at job cuts
Electrical cables and plugs maker may lay off a fifth of its workforce
02 March 2020 - 19:19
Ellies Electronics, the maker of electrical cables and plugs, is considering cutting a fifth of its workforce, it says, citing financial losses that underline a slump in the manufacturing sector.
Ellies, which has 872 people on its payroll as of the last financial year and is a division of JSE-listed group Ellies Holdings, is the latest manufacturer to feel the pinch of an economy that has hardly grown over the past 10 years. ..
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Commenting is subject to our house rules.
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now