THE UGLY

Finweek English Edition - - THE WEEK -

The jobs of ap­prox­i­mately 60 000 em­ploy­ees in var­i­ous in­dus­tries across the coun­try have been in the bal­ance in the past year due to large-scale re­trench­ment pro­cesses, ac­cord­ing to re­search by trade union Sol­i­dar­ity. Em­ploy­ees in the min­ing in­dus­try are hit hard­est, with 36 com­pa­nies hav­ing been en­gaged in re­trench­ments since April 2015, af­fect­ing nearly 30 000 em­ploy­ees. The union warned that these re­trench­ment num­bers do not re­flect the full im­pact on the econ­omy. In the min­ing sec­tor, for ex­am­ple, 1.7 ex­ter­nal jobs are lost for every re­trench­ment made, it said.

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