South Africa’s Denel’s Saab Aerostructures division has announced some 161 permanent staff have been cut. This is the first of a wave of job cuts expected as the division, which has been affected by continual losses. Ismail Dockrat, CEO of Denel Saab Aerostructures, said that more than 100 people would be made redundant in the coming months, and a further 40 jobs could go if the until loses several outsourcing contracts. The unit hopes the cuts will result in savings of almost R100 million a year; essential as revenue plunged from R400 million in 2008-09 to R230 million in 2009-10.
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