Exclusive: South Africa's auto industry could cut up to 10% of workforce due to lockdown - survey [Reuters]
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Source: Reuters
Exclusive: South Africa's auto industry could cut up to 10% of workforce due to lockdown - survey JOHANNESBURG (Reuters) - South Africa’s auto industry might have to lay off up to 10% of its workforce because of a three-week lockdown, according to an industry-wide survey provided to Reuters by the National Association of Automobile Manufacturers of South Africa (NAAMSA). The survey, dated April 8, estimates the 21-day national lockdown could lead to job losses of between 1% and 10%, which could rise to between 21% and 30% if it is extended until the end of May. ( reut.rs/2wrrFnL ) It was on Wednesday submitted to the government, which issued the same questionnaire to a range of industries to gauge the impact of the lockdown or any extension as it grapples with close to 1,900 coronavirus cases and a shrinking economy. Almost one-third of the country is already unemployed. The government considers the automotive industry its most important manufacturing sector and that it is central to
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