Mercedez Benz SA driven to cut 700 jobs
JOHANNESBURG - Mercedes-Benz South Africa has announced that it's looking to cut around 700 jobs at its East London Manufacturing Plant.
The global car manufacturer says it's entering into Section 189 consultations which will involve discussions regarding restructuring its manufacturing operations.
The plant will transition from the current 3-shift model to a 2-shift model.
Mercedes says the automotive industry has suffered from deteriorating macroeconomic conditions and ongoing port challenges.
Higher fuel prices and the high cost of living have also weighed on consumers' spending