Job losses as car sales fall

By Staff Writer

By Roy Cokayne, Business Report

General Motors South Africa (GMSA) planned to retrench about 520 jobs in its manufacturing and related areas because of the negative outlook for the new vehicle market, the company reported on Wednesday.

These job losses will be in addition to the 300 hourly employees who have left the company since the beginning of this year in terms of a voluntary separation programme, and a further 100 salaried staff who will be leaving between now and the end of the year. 

Justmoney.co.za says:

As job security becomes an issue, life insurance and income protection insurance are vital forms of protection to cover you and your loved ones in the event of job less, sickness or death.

Recent Articles

Featured Can you afford an ambulance in South Africa?

When a loved one is straddling the line between life and death, you won’t hesitate to call an ambulance. This week, Justmoney found out how much an ambulance ride costs in South Africa, whether you can refuse to get into an ambulance, and who pays the bill if you’re unconscious. 

Read more

Discovery Vitality: The impact it had on my health

It’s nearly 30 degrees outside, but my windows are closed to prevent further wildfire smoke from entering my bedroom. I’m hopping around, squatting and lunging my way into my “cardio zone” so that I can earn 200 points on Discovery Vitality and meet my weekly activity goals.

Read more

Rand runs out of steam in lead-up to budget speech

For all the foreshadowing that was done last week in terms of the two big speeches by the head of states in the United States (US) and South Africa (SA), very little happened as a direct consequence thereof.

Read more

The cover you need at every age and stage

Insurance is often neglected during people’s twenties and inflated during their forties. So, which insurance products should you pursue at which age?

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

President Hotel Easter Special

Price: From R1,500
When: 15 March to 30 April
Where: Cape Town

Kulula-Preskil Island Resort Special

Price: R16,999
When: 11 May -14 September
Where: Mauritius

A Touch Of Madness Tuck In Tuesday Special

Price: R70
When: Tuesdays
Where: Cape Town