BMW has already shut shop in SA, with further Covid-19 slowdown inevitable

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BMW has already shut shop in SA, with further Covid-19 slowdown inevitable

Employees work on the BMW assembly line in Rosslyn, north of Pretoria. Picture: Moneyweb

German automaker BMW has suspended operations at plants worldwide, including in SA. If other manufacturers follow suit, the industry could face a decline and job losses.

The Covid-19 pandemic could prompt a slowdown in South Africa’s automotive manufacturing industry, which could lead to further jobs losses, an expert has warned. This as production and sales were taking a knock in the US and Europe, with General Motors announcing desperate measures to boost sales, such as 0% interest financing and a three-month payment reprieve. Motor and metals industry union Numsa did not appear to be notified about the closure prior to the company’s announcement. The union represents 3,800 workers at the plant. According to the union’s spokesperson, Phakamile Hlubi-Majola, Numsa was still preparing a media response on...



 


 

 

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