UIF holds R1.2bn for training scheme
The UIF training scheme has assisted 52 companies to retrain 10,631 workers since 2011, and the largest single beneficiary of the scheme has been Mercedes-Benz
THE Unemployment Insurance Fund (UIF), which has been slammed over the years for inefficiencies in distributing unemployment payouts, has set aside R1.2bn to spend on its training layoff scheme.Since the UIF launched its training layoff scheme in 2011, it has assisted 52 companies to retrain 10,631 workers in the hope of keeping them in employment.Makhosonke Buthelezi, director of communication and marketing at the UIF, said that they had not checked with all of the companies to determine how many of the retrained employees had retained their jobs. The R1.2bn includes an undertaking to spend R11.9m to fund the training of 325 employees from Scaw Metals for six months.The undertaking follows the approval of Scaw Metals’s application to the Council for Concilliation, Mediation and Arbitration in March, when the company faced possible retrenchments because of difficult trading conditions in the steel industry.Dudu Ndlovu, executive head of public affairs and communications at Scaw Meta...
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