Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

Ford cutting SA workforce

Sep 16 2008 08:00 Joanita Cillié

Related Articles

Car sales continue downhill

Ford injects R1.5bn into SA

New president, CEO for Ford SA

 

Top Stories

Cell C move sparks price war

May 27 2012 11:21

There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.

MyCiti buses running at a loss

May 28 2012 07:53

The City of Cape Town has spent R175m running the Myciti bus service since the Soccer World Cup compared to an income of R35m, a report says.

Another golf estate victim

May 27 2012 13:09

The oversupply of golf estates has claimed another victim.

 
Share Share line Print
Johannesburg - Yet another car manufacturer has begun voluntary retrenchment of staff members because of the difficulties the industry is experiencing.

Rella Bernardes, general manager for communication at Ford SA, on Monday confirmed that voluntary retirement and retrenchment packages had been offered to Ford employees since the end of last month.

In consultation with the metal workers' union Numsa, Ford started the process and about 800 of the company's 4 000 employees will be affected by the cutback.

This will include both permanent and temporary workers.

"It will all be voluntary," says Bernardes.

The cutback, she adds, it is not because of lower local sales of vehicles. Although local production has, as a result, been reduced, volumes have been held stable by increasing export production.

Barnardes says the retrenchment is in reaction to "current business requirements and the state of the South African economy".

In this way Ford aims to improve factory efficiency.

General Motors South Africa (GMSA) announced a few months ago that it had begun a process of voluntary retrenchment. This followed a decision to reduce production volumes in most of its brands.

By the end of the year the cutbacks will amount to 1 000 posts. "From the start we were upfront about this," declares Denise van Huyssteen, communications manager for GMSA , as well as the group's African operations.

Van Huyssteen says the affected employees have all left the company voluntarily.

GM announced the biggest-ever operating loss for a motor manufacturer last year, and consequently began a process of cutting costs and jobs.

At the introduction of the new Chevrolet Aveo at the end of August GMSA's management said it was a sensitive point.

According to Bill Stephens, head of marketing and communications at Volkswagen, the company is "carefully" examining its current production schedule and the impact of the strike by its logistics service provider, Schnellecke. The strike is in its second week.

"This is affecting our production, and therefore also local business and export contracts," says Stephens.

No job cuts are, however, planned.

Veralda Schmidt, spokesperson for Nissan South Africa, says the production of a new Renault model, as well as the manufacturing of the new half-ton Nissan bakkie, due to begin shortly, will ensure that company employees will not be retrenched.

But she could not confirm that the factory, which is currently not producing at full capacity, would resume full production.

Fin24.com

 
 
Comment on this story
0 comments
Comments have been closed for this article.
It pays to know the cost and what you’re getting in return
May 28 2012 09:33

Investors may not have a clue what they’re paying their money managers or they type of service they’re getting, or, whether they can actually negotiate lower fees. (Reuters)

Sasha

"In the short term this is true, Greece will dominate the headlines on a day to day basis, until their next elections when there would be some clarity to answer the question, "What next for Greece?" Amazingly everyone except the politicians seem to be lining themselves up for worst case scenario, b... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...