Cosatu wants job-loss moratorium ahead of promised jobs summit
The union federation is reacting to announcements that 12,000 jobs are at risk in the mining industry, and wants the president to stick to his jobs summit promise
Union federation Cosatu has called on the government and business to place a moratorium on all retrenchments until a jobs summit is held. Cosatu said on Thursday that its central executive committee (CEC) made the resolution following announcements that close to 12,000 jobs were at stake in the mining industry over the next three years. On Wednesday, AngloGold Ashanti said it intended to cut 2,000 jobs to shrink its support structure after selling and closing mines in SA. President Cyril Ramaphosa made a commitment during his maiden state of the nation address that his administration would convene a jobs summit to explore how the country could save existing jobs and create new ones. Cosatu's deputy general secretary Solly Phetoe told journalists during a briefing in Johannesburg that the mass retrenchments situation in the country had become "urgent". "We need an urgent moratorium on retrenchments or the job summit itself will become redundant and useless," he said. Cosatu’s second ...
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