Today's Labour News

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cosatuBusinessLive reports that the Congress of South African Trade Unions (Cosatu) has called on the government and business to place a moratorium on all retrenchments until a jobs summit is held.  

The union federation 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.  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 said:  "We need an urgent moratorium on retrenchments or the job summit itself will become redundant and useless."  Cosatu’s second deputy president Zingiswa Losi commented:  "It is a contradiction to call for the summit when there are already plans in some sectors to retrench 15,000 workers in less than three years."

  • Read this report by Theto Mahlakoana in full at BusinessLive


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