Denel tries to limit job losses as it exits aircraft components business
Consultations have been wrapped up and company will press ahead with retrenchments
06 February 2020 - 18:03
State-owned arms manufacturer Denel says the process of exiting the greater part of its aircraft components manufacturing business is now at an advanced stage, with major steps put in place to minimise the impact of the withdrawal on job losses.
The loss-making company recently entered into a mutual agreement with its customers to transfer the manufacturing of aircraft parts to alternative suppliers as the business is no longer sustainable...
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