Search:  
Western Cape Business News
874
VIEWS

Send  Share  RSS  Twitter  05 Jul 2011

LABOUR: Strike Perhaps The Last Straw

 



Recent Western Cape Business News

THE strike in the metal and engineering industries could be the last straw for small companies struggling to rebuild their businesses in the wake of the economic crisis, says the Cape Chamber of Commerce.

Demands for an increase of more than double the inflation rate come on top of massive electricity price increases and this could be too much for some companies,” said Mr Michael Bagraim, President of the Chamber.

We already have companies in the engineering sector on short time and if there is to be an increase of more than the seven percent offered there will be downsizing and retrenchments. I’m afraid the indications are that this strike will destroy jobs.”

The National Union of Metal Workers is demanded an increase of 13 percent.

At a time when we should all be working together to bring more people into formal employment, the strike will discourage companies from taking on more staff. Cosatu warns about a ring of fire and the need to deal with the unemployment problem but its actions tell a different story.”

The only people to benefit from the strike would be those who already had jobs with the big companies while the demands would be more difficult for the unemployed to find work.

 



 
 
 
engineering-cape-townfreight-and-shipping-services-western-capeback-care-solutions-cape-townBusiness Profileslighting-and-design-cape-town
 
   
 
 
 
  Accomodation
Accommodation


Online Foreign Exchange
Foreign Exchange


Directory
Directory


Fax
Fax 2 Email


Finance
Finance


Furniture
Furniture


Casino
Online Casino


Restaurant
Restaurant


Auctions
Shop Online


Study IT
Study IT Online


Web design
Web Design


Weddings
Weddings


Work
Work from Home
 
 
 
 
 
Company News
 
 

 

© 2019 www.wcbn.co.za. All rights reserved.

Daily Newsletter Subscription

 

Subscribe to the Western Cape Business News Daily News and information email (it's free).

Thank You
Your email address has been added.

Name:
Email Address: