R2.4bn Job Fund Announced
Government has thrown a R2.4 billion lifeline to workers who are threatened with retrenchment with a new scheme that will allow companies to suspend them for a maximum of three months while government trains and pays them.
President Jacob Zuma announced the alternative-to-retrenchment scheme as part of a broader plan aimed at limiting the impact of the recession. It was devised by his economic crisis response team where leaders from government, labour and business are represented.
The Framework Response to the Economic Crisis plan will also include support for struggling companies in the auto sector as well as a rescue package for the clothing and textile industry.
To read the article titled, “Govt to help threatened workers,” click here.
President Jacob Zuma announced the alternative-to-retrenchment scheme as part of a broader plan aimed at limiting the impact of the recession. It was devised by his economic crisis response team where leaders from government, labour and business are represented.
The Framework Response to the Economic Crisis plan will also include support for struggling companies in the auto sector as well as a rescue package for the clothing and textile industry.
To read the article titled, “Govt to help threatened workers,” click here.
Source:
<br /> Finance24
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As the mass lay off occurred
By Marieta
As the mass lay off occurred the government carry the burden of conducting training programs to those who were laid off from their job. There are some alternatives given but it could have been better it they can provide a financial assistance that will benefit them in the long run like a livelihood program. If the issue of unemployment had been resolve I think government won’t need to bother for a debt relief for the people.