South Africa Labor Still 'inherently Unstable' After Strike Ends: BMW

wochit business
October 07, 2013 AT 6:51 AM
By Wendell Roelf CAPE TOWN (Reuters) - BMW said on Monday the labor situation in South Africa remained "inherently unstable" and it had no plans to reverse a freeze on expansion, even after car parts makers ended a four-week strike. Car makers told Reuters they were hoping to return to full production later this week, after parts manufacturers agreed to a three-year wage deal with the National Union of Metalworkers of South Africa (NUMSA) on Sunday. The deal gave a breathing space to an industry that accounts for 6 percent of GDP. ...