/ 7 February 1999

HYUNDAI RETRENCHING

FOLLOWING a substantial drop in sales, from an average 1600 a month to around 1000 in January, Hyundai Motor Distributors is planning to retrench up to 10% of its sales staff as part of ongoing restructuring. But workers at Hyundai’s Botswana assembly plant in Gaborone are not expected to be affected. Hyundai is not alone among manufacturers in undertaking restructuring and parent group Wheels of Africa is about to start building Volvos in Botswana, as part of efforts to claw back lost ground.