Bulawayo Companies Shutting Down As Economic Woes Intensify – Report

Firms in Bulawayo are reportedly closing down leaving thousands of workers stranded, Zimbabwe Congress of Trade Unions (ZCTU) has warned the government, The Standard reports.

ZCTU Western Region’s Ambrose Sibindi spoke to the publication and said:


Introducing the Pindula News Mobil App
Download from Google Play Store

Things are very bad for the Bulawayo industry, not much production is taking place.

The few companies that are operating have scaled down and some have reduced the number of working hours. In some cases this is due to fuel shortages especially in the transport industry.

In terms of renumeration, workers are paid far below the poverty datum line with most of them getting a paltry $1 300 per month.

Generally the future is very bleak in terms of improved operations and production.

Companies are scaling down operations and they are reducing the workforce, which is raising the rate of unemployment and bringing more misery to most residents

The economy has continued to take a nosedive since the turn of the new dispensation’s turn on the reign in August 2018.

More: The Standard 

ZCTU

The Zimbabwe Congress of Trade Unions is the country's biggest worker representative with most of its members in different sectors of industry in Zimbabwe. It has special interests in labour activism and this has resulted in it being linked to opposition political parties particularly the... Read More About ZCTU

Join WhatsApp & Telegram News Groups:

WhatsApp Group: https://chat.whatsapp.com/D4vbg5RLhkbFfVyMdu8rLi


Telegram Group: https://t.me/pindula

Back to top

Write a Comment

Your email address will not be published.


Share Full Post

Nyaradzo logo

RSS Recent Profiles Created

Satisfaction survey
How likely is it that you would recommend Pindula News to a friend or colleague?
SuggestionsHow can we improve?
You have already submitted your feedback. If you would like to add more feedback please write us on hello@pindula.com.
Bulawayo Companies Shutting Down As Economic Woes Intensify – Report