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ANA reports that labour federation Cosatu on Monday said it was alarmed and deeply concerned by the ongoing jobs losses in a number of economic sectors.
This came after brewer Anheuser-Busch InBev (AB InBev) began a voluntary severance programme to reportedly let more than 1,000 managers in South African operations go following its takeover of SABMiller last year. In a statement, Cosatu said: "We are troubled by the reports that AB InBev has offered voluntary severance packages to some of its middle managers, despite its commitments on post-merger employment. This follows AngloGold Ashanti's announcement that it plans to retrench 849 workers in all its operations in South Africa; and the jobs carnage currently taking place in the poultry industry." Cosatu said the jobs crisis called for an activist government that would deliver on the promise of making sure that every cent spent by government creates jobs, and that would also have a hands on approach in the economy.
- Read this report in full at BusinessLive
- Read Cosatu’s press statement in this regard at Cosatu Today
Get other news reports at the SA Labour News home page