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Volkswagen must reduce staff headcount to get its costs under control and restore competitiveness, managers told staff representatives in a meeting at the carmaker's Wolfsburg headquarters on Monday. ...
Transnet Port Terminals has doubled down on its decision to implement a new booking system at the Port of Port Elizabeth despite calls from organised business to suspend the system until the countrywide logistics crisis is resolved.
A senior Volkswagen executive involved in a global cost-cutting strategy said on Friday he was "very worried" about the future of the company's operations in South Africa, which is fighting persistent power cuts and logistics snarls.
"The situation is critical. Many markets are under pressure. Our orders, particularly for electric vehicles, have been lower than expected," Thomas Schaefer, head of the Volkswagen brand, told a staff meeting at the carmaker's headquarters in Wolfsburg.
Automaker will cut headcount as part of plan to save almost $11 billion