newsBusiness Report writes that, as SA continues to bleed jobs, labour is becoming more desperate in its plea for the government to rein in business to ensure retrenchments are the last resort and they start investing in the economy.  

Stats SA’s announcement on Tuesday that unemployment had increased to 27.1% drew the ire of labour federations Cosatu and Fedusa.  Cosatu spokesman Sizwe Pamla said it was unacceptable that companies were making mass profits while workers were shown the door.  They are worried “by the continuing investment strike by big business.”  Cosatu has called for stricter investment laws to ensure that merger and acquisitions do not result in job losses.  Fedusa called on the leadership of the social partners to focus on finding sustainable solutions to the constraints that have been identified for a more productive use of capital by a better skilled workforce.


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