Unemployment impacts ZCTU coffers

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

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 closing shop last year, leaving thousands of employees jobless.