CCMA warns of jobs bloodbath in coming months
JOHANNESBURG – The Commission for Conciliation Mediation & Arbitration (CCMA) has warned that the coronavirus national lockdown could lead to a jobs bloodbath in the next six months.
The dispute resolution body said it was anticipating small scale or large scale retrenchment referrals owing to the prospect of business closure or simply for financial reasons due to the affordability of labour and lack of production during the lockdown period.
“There is a possibility that we may witness an increase in large-scale retrenchment processes three to six months down the line as businesses resume operations and assess the viability of resuming trading,” said the CCMA in a statement.
Source: iol.co.za