Job losses and site closures hit retail motor sector
Motus retrenches 2 000 people, while Combined Motor Holdings slashes its headcount by 15% with plans for more cuts.
Motus, the vehicle business of Imperial Holdings that was unbundled and separately listed on the JSE, is in the process of reducing the size of its workforce by about 2 000 people through an early retirement and retrenchment process that will cost the company between R120 million and R140 million.
This is among the actions it is taking to reduce the negative impact of Covid-19 and the lockdown on the group’s operations and mitigate the business risk.
Motus CEO Osman Arbee said on Tuesday the bulk of affected people are in the company’s car retail and car rental businesses.
The Covid-19 pandemic and lockdown have also forced Combined Motor Holdings (CMH) to take drastic action.
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