22 November 2012

Zimbabwe: 'Economic Instability Affected Labour Market'

The Zimbabwean economy witnessed a slowdown in growth as evidenced by the decline in capacity utilisation levels in most of the productive sectors of the economy, a Government official has said. The Minister of Labour and Social services, Ms Paurina Mupariwa, made the remarks yesterday while opening the Institute of Personnel Management of Zimbabwe end-of-year labour briefing. Minister Mpariwa said the challenging economic environment had brought instability in the labour market.

"Invaluable productive time is expended on settling industrial disputes while retrenchment of workers becomes a primed solution across all sectors of the economy," Minister Mupariwa said.

"This is because business entities will be seeking to contain labour costs."

She said the high rate of prolonged negotiations was an indication of the standoff between employers and workers, which derailed productivity.

Ms Mpariwa highlighted that the only way the economy could grow would be by increasing labour productivity and enhancing the competitiveness of local goods and services.

Copyright © 2012 The Herald. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.