South Africa: Denel Aerospace Unit Slashes Jobs as Order Book Remains Empty

Johannesburg — DENEL's beleaguered Denel Saab Aerostructures division said yesterday that 161 permanent staff were formally retrenched last week.

This is the first wave of job cuts that will see the aerospace group's staff complement trimmed by half by June. While some cuts take effect immediately, others will be phased in as projects reach completion.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.