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ZCTU bemoans heavy job loss recorded last year

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THE Zimbabwe Congress of Trade Unions (ZCTU) has bemoaned the heavy job losses recorded last year, saying this had negatively affected its subscription coffers.

THE Zimbabwe Congress of Trade Unions (ZCTU) has bemoaned the heavy job losses recorded last year, saying this had negatively affected its subscription coffers.

STAFF REPORTER

In an interview yesterday, ZCTU secretary-general Japhet Moyo said official figures obtained from the National Retrenchment Board late last year showed that 4 600 jobs were lost through formal retrenchments compared to 4 000 in 2011.

He said the figure could be as high as 10 000 as several companies could have scaled down their staffing levels or closed shop without advising the board.

Bulawayo recorded its worst ever company closures with over 90 firms having shut last year, leaving thousands of people jobless.

“This means ZCTU’s subscription base shrinks as members lose jobs,” Moyo said.

“We are likely to have a weak ZCTU if the trend continues. Most of these job losses are due to poor policies and government must revise them in order to stop unnecessary job losses.”

“It is also disturbing that while the government is making a lot of noise over indigenisation and black empowerment, such high figures of job losses are recorded.”

“The so-called indigenisation is failing to create jobs, but is destroying them. We have seen those companies which were indigenised collapsing and workers losing jobs.

“Companies such as Zim Cast and Tube and Pipe are no longer operating after they were indigenised.”