WASHINGTON DC —
The Zimbabwe Congress of Trade Unions says more than 4,000 workers lost their jobs in the past nine months, confirming a worsening economic crisis in the country that has seen several businesses shutting down.
According to ZCTU’s secretary-general Japhet Moyo, records from the Retrenchment Board show that last year the country lost 9,617 jobs with more than 70 companies closing down.
"There are other processes where people are retrenched at company level, retrenched at shop level, and agree to terminate employment, so the numbers might be higher than that," says Moyo.
Most of the job cuts were recorded in the printing, engineering, clothing and textile, timber and allied industries, mining, security, packaging, motor industry sectors.
But the frenzy of job cuts recorded at the start of the year slowed down as many firms could not cut any further.
This report comes at a time when the Confederation of Zimbabwe Industries reported recently that industrial capacity utilization plunged by 3.3 percent to 36.3 percent from 39.6 percent this year.
Moyo says the future looks bleak for Zimbabwean workers.