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ZCTU broke

by Staff reporter
14 Apr 2016 at 07:33hrs | Views

Zimbabwe's main labour federation, the Zimbabwe Congress of Trade Unions (ZCTU) is in financial dire straits, with debts to the tune of US$1,4 million threatening to destroy the country's oldest trade union movement which gave birth to the main Movement for Democratic Change (MDC) in 1999.

The labour union has already raised the red flag in the hope that it may receive a shot in the arm to avert collapse.

Documents in our possession indicate that ZCTU's plight is a result of the general crisis afflicting the country's economy.  

Unemployment has spiralled out of control, with estimates suggesting that 90 percent of Zimbabwe's able-bodied are out of formal employment.

Source - Fin Gaz
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