Retrenchment notices pile up at CCMA


File: Despite the slight decrease in unemployment, about 15.4 million South Africans are still without formal work.

JOHANNESBURG - The Commission for Conciliation, Mediation and Arbitration (CCMA) says it has received tens of thousands of retrenchment notices from several companies this year.

It says this is an indication that jobs are at risk as several businesses plan large-scale layoffs.

Mining, manufacturing and the textile industries are said to be the hardest hit by planned retrenchments.

The CCMA says in the first three months of this financial year alone, it handled 40 percent more referrals than it had throughout the 2014 financial year.

It has come up with a plan to help businesses reduce their retrenchment numbers as annual statistics for the first quarter of the 2015 financial year, are set to be released.

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