Job losses hit major South African car manufacturer

Job losses hit major South African car manufacturer

The popular Ford Ranger model is manufactured at the company’s plant outside Pretoria Ford Motor’s South African unit plans to lay off more than 470 employees as it seeks to adjust production capacity to match current and future market demands, the South African Solidarity union said on Thursday. Ford has sent an official notice to…

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Vertiv to acquire custom rack solutions manufacturer

Vertiv to acquire custom rack solutions manufacturer

New York Stock Exchange-listed Vertiv, a global provider of critical digital infrastructure, has announced it has entered into an agreement to acquire the Great Lakes Data Racks & Cabinets family of companies (collectively “Great Lakes”) for US$200-million. Great Lakes is recognised for designing and manufacturing innovative, highly customised data rack enclosures and other integrated infrastructure…

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