Today's Labour News

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cosatuBusiness Report writes that the millions of South Africans out of work will be pinning their hopes on the framework agreed to at the recently concluded Jobs Summit to create employment after the third quarter jobs data showed the unemployment rate at a year high of 27.5%.  

The key mining and manufacturing sectors were once again the biggest culprits in the jobs bloodbath, shedding 54,000 jobs between them in the third quarter.  In all, the number of unemployed persons rose by 127,000 to 6.2m in the period, while 92,000 jobs were created, taking the labour force to 16.4m.  The expanded definition of unemployment, including people who have stopped looking for work, rose to 37.3% in the quarter from 37.2% in the prior quarter.  Stakeholders at the Jobs Summit signed a framework agreement which outlined measures aimed at arresting the tide of unemployment and job losses.  The framework set a target of creating 275,000 jobs annually over five years.  However, cracks have begun to show in the agreed framework after labour federation Cosatu on Tuesday said the government was not committed to the framework.  It particularly took issue with planned lay-offs at the SA Broadcasting Corporation (SABC), which is looking at letting 982 workers go and cutting 1,200 of its freelance workers.  Cosatu spokesperson Sizwe Pamla said SA had not been able to set itself on a path of people-centred development.

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