October 11, 2019 / 7:42 AM / a month ago

South African arms firm Denel to close Aerostructures business

JOHANNESBURG, Oct 11 (Reuters) - South Africa’s Denel is winding up its Aerostructures business unit as part of a long-term strategy to return to profitability, the state arms firm said on Friday.

Some 230 employees will be affected by the decision to close the unit, it said in a statement.

Some employees will be transferred to other positions within Denel and voluntary severance packages have been offered, Denel said. (Reporting by Alexander Winning; editing by Jason Neely)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below