Friday, June 25, 2010

Labor Union Disputes Claims of Economic Growth Related to World Cup

One of South Africa's main labor unions is disputing a recent report from the state statistics office about economic growth related to the World Cup.

"These [latest] figures make a mockery of economic growth. It is clear to Uasa that employers exploited the recession by drastically reducing employment numbers."

Stats SA revealed on Tuesday that employment numbers were down by 242 000 between end March 2009 to March 2010.

Venter said job losses had become synonymous with the world wide experience after the recent recession.

Reports of economic growth misleading, says union
Mail & Guardian
June 23, 2010