Today's Labour News

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cosatuEWN reports that labour federation Cosatu says that while it’s satisfied with many of the outcomes of the Jobs Summit, it's disappointed that the business sector couldn't commit to a freeze on job losses.  

The two-day summit concluded in Midrand on Friday with President Cyril Ramaphosa announcing plans to create over 270,000 jobs annually and to reduce unemployment from 27% to 6% by 2030.  Cosatu’s Bheki Ntshalintshali commented that the labour movement was satisfied that government won’t be retrenching workers and instead announced the number of critical vacancies it wanted to fill.  But he said they would have loved for business to have made the same commitment.  “We are not satisfied with that one,” he indicated.  However, Ntshalintshali added that Cosatu was satisfied that the business sector had promised to do everything in its power to avoid retrenchments.

  • This short report by Clement Manyathela is at EWN


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