More retrenchments create a ‘grave’ situation for SA
With unemployment already among the world’s highest, more job losses could lead to an increase in crime as people struggle to survive
12 July 2019 - 14:15
Retrenchments in SA in the second quarter of 2019 have shot up more than 27% from 2018, ringing alarm bells for the economy.
Commission for Conciliation, Mediation and Arbitration (CCMA) spokesperson Dumisani Mavundla told Times Select that the number of companies approaching the council for retrenchments increased from 137 between April and June 2018 to 185...
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