CCMABusinessLive reports that the tech revolution is largely to blame for massive retrenchments in the embattled SA economy, with the Commission for Conciliation Mediation and Arbitration (CCMA) warning that the jobs bloodbath is only just beginning.  

Director Cameron Morajane, tabling the CCMA’s 2018/2019 annual report on Monday, said they were “kept busy by large-scale retrenchments” in the construction, mining and metals sectors, which contributed to the 38,588 retrenchment notices referred to the commission during the year under review.  Morajane said that through the CCMA’s discretionary jobs-saving function, they managed to save 15,787 jobs out of the 38,588 potential retrenchments — which equated to a success rate of about 41%.  Morajane said the causes of the retrenchments related to automation and artificial intelligence, and singled out the banking sector as the hardest hit industry by far.  A total of 193,000 cases were referred to the CCMA in the year under review, with the highest referring sector being business and professional services (27%), followed by security (12%) and the retail sector (11%).  The CCMA projects that its case load will increase by about 20% during 2019/2020, as its scope had been expanded to deal with the national minimum wage and the Basic Conditions of Employment Act.

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