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GeneralMotorsBusiness Report writes that the vehicle manufacturing industry shed 823 jobs in the third quarter of this year, which was partly the result of retrenchments caused by the decision by General Motors SA (GMSA) to disinvest from SA.  

This resulted in total employment levels in the new vehicle manufacturing industry declining by 2.7% to 29,533 at the end of September, from a 30,356 headcount at the end of June.  A monthly average of 30,953 people were employed by the industry last year, compared with 31,260 in 2015.  In May this year, GMSA confirmed that about 589 of its total workforce of about 1,500 were expected to be affected by its decision to disinvest from SA.  The manufacturer said its decision to disinvest was based strictly on where it believed it could get the best return on investment.  In terms of the disinvestment plan, GMSA will stop the sale and manufacture of Chevrolet in SA by the end of this year.  Isuzu Motors, through newly established company Isuzu Motors SA, plans to acquire GM’s light commercial vehicle manufacturing operations in Struandale in Port Elizabeth and continue manufacturing the Isuzu KB and medium commercial vehicles and heavy duty trucks in Port Elizabeth.  The Competition Commission last month approved this transaction.


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