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

Deals

Colosseum Deluxe Holiday Special

Price: From R900
When: Until 30 September 2020
Where: Cape Town

Pure Day Spa Mother’s Day Special

Price: R850
When: Until 09 May 2021
Where: Cape Town

The 41 Tuesday Specials

Price: Available on request
When: Tuesdays
Where: Cape Town


Latest Guide

Guide to debt rehabilitation solutions