22 January 2018
Kasukuwere begs ED for forgiveness: official
Chinamasa to divert wages to devolution
Dump Mugabe regalia, Zanu PF official
Mugabe exploited my illiteracy: Mujuru
Engineers group to expose fake degrees
Grandpa, 83, says minor pestered him for sex
Poet poses as Zimra officer, blows $35k
Choked as 2kg's of cocaine tested in court
Gemmology center in Mutare soon
NRZ loss as gold miners damage rail line
Unpaid Mr ugly reports sponsors to ZRP
Zim author releases new book in USA
Anger as Dembare approach City player
Cricket: ICC clears Zimbabwe's Vitori
Mnangagwa’s ‘New’ Zim merits support
Zhuwao: kleptocracy and EDiots in Davos
Mnangagwa off to Davos empty handed
Economy: the need for a paradigm shift

2000 jobs lost in first half of 2017- ZCTU

02/09/2017 00:00:00
by Staff reporter
Confirmed ... ZCTU boss, Peter Mutasa

THE first half of 2017 saw 2 120 workers being retrenched, representing a 16 percent increase from the 1 825 retrenched during the same period last year, THE Zimbabwe Congress of Trade Unions (ZCTU)  revealed Thursday.

According to ZCTU President, Peter Mutasa, 4 4 610 companies had closed shop between 2011 and 2014, resulting in 55 443 workers losing their jobs.

Mutasa said this in his opening remarks at the launch of the book  “Towards a Democratic Developmental States in Southern Africa” published by the Open Society Initiative for Southern Africa in conjunction with the Labour and Economic Research Institute of Zimbabwe.

The ZCTU boss said the economy was seriously regressing structurally and de-industrializing, a situation he said had immensely contributed to the number of informal workers who now constitute more than 90 percent of the country’s labour.

“The share of informal employment in total employment increased from 80 percent in 2004 to 84.2 percent in 2011 and 94.5 percent in 2014. The majority of informal workers are at the very bottom of the economic and social ladder, working under precarious conditions without access to any form of social protection,” he said.

He said there was a huge deficit of decent work in the country’s informal sector, with most of their work being casual, unprotected, excluded, unregistered and unrepresented.

“The worst affected are the youths, who have little labour market experience. The 2014 Labour Force Survey reveals that as much as 98 percent of the currently employed youth aged 15-24 years and 96 percent of currently employed youth aged 15 to 34 years were in informal employment,” he said.

Mutasa noted that 72 percent of the 14 million populations were living below the poverty datum line manly because past development policies did not put the people first and were anti-poor in nature.

“This is exemplified by the high and worsening levels of un and under-employment, poverty and inequality. Moreover, the current macro-economic  policy framework in particular the fiscal policy remains highly consumption oriented, leaving very little fiscal space for operational, capital and social expenditure,” he said.

The ZCTU resident said even when the country experienced some form of economic growth, especially during the inclusive government; the growth was not job rich, pro-poor and inclusive.


He said the book was coming at an opportune time when the government was in the process of re-engaging the international community, adding it was his hope that it would spur national dialogue around fundamental issues affecting the country’s economy.

Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it






Face Book



comments powered by Disqus
RSS NewsTicker