Unions Slam Mercedes-benz For Proposed Job Cuts After Recording R4.4bn Profit

27 Days(s) Ago    👁 67
unions slam mercedesbenz for proposed job cuts after recording r44bn profit

Workers union federations have categorically rejected the proposed retrenchments at Mercedes-Benz South Africa (MBSA), saying the jobs bloodbath would have devastating consequences for the workers and the economy.

On Thursday, MBSA announced plans to cut 700 jobs out of roughly 3 000 employees at its East London manufacturing plant due to deteriorating macroeconomic conditions, and prolonged port challenges.

The luxury carmaker said it would enter into consultations in line with section 189(3) of the Labour Relations Act after it resolved to restructure its operations from a three-shift model to a two-shift model.

But the unions have vowed to wage a relentless battle in defence of workers jobs as retrenchments would have a devastating impact on the community and value chains of Buffalo City Metro, and deepen the already high unemployment rate.

Cosatu on Friday said this development at MBSA was astounding considering the company declared a staggering 35% rise in net profit after tax to R4.4 billion for the year-end December 31, 2023.