Zimbabwe: Flurry of Retrechment Applications

ZIMBABWE'S unemployment rate is set to worsen this year as over 2000 workers could be laid off by the end of this month. Official data gleaned by the Financial Gazette shows that over 120 firms applied to the Retrenchment Board last year for permission to retrench while more applications have since been lodged with the board by troubled firms that are planning to lay off over 1 500 workers.

This comes as the Zimbabwe Congress of Trade Unions (ZCTU) has revealed that about 9 500 workers were retrenched last year. ZCTU secretary general, Japhet Moyo, said the main labour union was worried that government has not been taking the issue of job losses seriously.

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