12 July 2019 1 Min Read
Retrenchment in SA is ‘one of the gravest situations in the world’
Unemployed people queue for UIF payments outside the department of labour in Port Elizabeth in 2009. Since then, the number of claims for retrenchments has shot up.
Image: James Oatway
Image: James Oatway
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Retrenchments in SA in the second quarter of this year have shot up more than 27% from 2018, ringing alarm bells for the economy.
Commission for Conciliation, Mediation and Arbitration (CCMA) spokesperson Dumisani Mavundla told Times Select the number of companies approaching the council for retrenchments increased from 137 last year to 185 between April and June this year.
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