South Africa's leading arms manufacturers facing big layoffs
JOHANNESBURG, Aug. 30 (Xinhua Li Jianmin) South African arms manufacturer known Daniel Group, announced on 30 large-scale layoffs. According to the company officials, nearly 300 highly skilled workers will face unemployment.
the company spokesman said Daniel Group, a subsidiary of 丹尼尔萨博 aircraft manufacturing remains an important strategic industry, the South African government will not easily be sold.
South Africa, "Business Journal" 30, reported that arms exports in recent years as Daniel poor performance of the Group, the company will lay off staff to save money, or it may have to sell its aircraft subsidiary 丹尼尔萨博factory.
Daniel Group, the South African government signed earlier with the capital restructuring agreement, and to develop an ambitious recovery plan. To this end, the South African Government in the past two years for the Group of 35 billion rand (about 478 million U.S. dollars) in funding, however, delay the group's financial situation worsened.
