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. ..
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