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Over 4,000 jobs lost in Zimbabwe between January and September

by Staff reporter
14 Oct 2014 at 10:49hrs | Views

A total of 4 172 people lost jobs between January and September as companies continue to close down due and economic challenges, the ZCTU has said.

Last year the country recorded 9 617 job losses and 75 company-closures according to figures availed by the ZCTU.

ZCTU secretary-general Japhet Moyo said that the figures were conservative as some companies did not process their lay-offs through the Retrenchment Board, which provides the data.

Moyo said figures from the Retrenchment Board reveal that 4 172 w2orkersa have lost their jobs as of September 2014.

The numbers could be more as some unions do not give them that information as frequently as they would want.

He added that the frenzy of job cuts recorded at the start of the year had slowed down as many firms could not cut jobs any further.

Source - Zim Mail