WATCH: Can salary cuts save more jobs?
Momentum group economist Johann van Tonder talks about saving jobs during the pandemic
The Treasury has warned of a jobs bloodbath, with the unemployment rate expected to surge by up to 50% due to the economic fallout from the coronavirus pandemic.
Momentum, however, says this can be avoided as it proposes salary cuts instead of retrenchments.
Business Day TV spoke to one of the group’s economists, Johann van Tonder, about how to protect jobs.
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