SA car industry may have to lay off 10% of workers
Jobs losses could rise up to 30% if Covid-19 lockdown is extended until the end of May
10 April 2020 - 15:55
SA’s automotive industry might have to lay off up to 10% of its workforce because of the lockdown, according to an industry-wide survey provided to Reuters by the National Association of Automobile Manufacturers of SA (Naamsa).
The survey, dated April 8 before President Cyril Ramaphosa extended the lockdown by two weeks, estimated the initial 21-day national lockdown could lead to job losses of between 1% and 10%, which could rise to between 21% and 30% if it is extended until the end of May...
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