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Moneyweb reports that automotive component manufacturer Metair Investments is confident that a business opportunity it has secured, which will create 3,200 new jobs, will still materialise and has not been destroyed by the coronavirus.
Most of the new jobs will be in SA. “We don’t believe the opportunity has gone away because of the crisis. It might be delayed a bit but it’s definitely not gone away,” said Metair CEO Theo Loock on Monday. He added that any delay was not only in Metair’s hands because it was a customer project but they would prefer to enter into such capital-intensive projects in a period of stability. He indicated that these projects were not necessarily linked that much to market demand issues because they involved planned new product launches, but their preference was for a delay of three to six months. Loock advised that 80% of Metair’s almost 7,000 employees worldwide were in SA and this opportunity would grow that 80% by 3,200 employees. Metair confirmed on Monday that its operations in South Africa, Romania and Germany were all closed due to the coronavirus pandemic.
- Read the full original of the report in the above regard by Roy Cokayne at Moneyweb
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