Ford Cancels Contract, South African Jobs Affected
Ford Motor Company recently canceled a components contract with SKF, the world’s largest bearing maker. There have been issues with work stoppages, and automakers in South Africa were affected by a month-long strike by 220,000 metalworking sector employees in the country. Other major automakers were also reportedly affected by the strike. The cancelled contract specifically affects South Africa’s S.P. Metal Forgings, a supplier of components to SKF. After the contract cancellation, S.P. Metal Forgings was forced to discontinue the production of two components it supplied to SKF. Approximately 250 South African jobs are at stake.