LETTER: How the UIF is helping keep jobs
The Unemployment Insurance Fund has a scheme to train employees temporarily laid off by distressed companies
The Unemployment Insurance Fund (UIF) has committed close to R159m to save close to 4,000 jobs in 34 distressed companies. According to the latest Quarterly Labour Force Survey from Statistics SA, the unemployment rate has stubbornly remained unchanged at 29.1%, and this figure is likely to increase considering announcements made by some big companies to retrench workers.
The UIF, as the provider of short-term social insurance, is concerned with the deepening unemployment in SA, particularly among the youth. While our primary mandate is to provide social security to vulnerable workers by providing unemployment benefits, we also play a huge role in preventing job losses. And the Temporary Employer/Employee Relief Scheme (TERS), previously known as Training Lay-Off Scheme, is one of the instruments the department of employment and labour utilises to sustain jobs...
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