Cape Town – At least 300 people are reportedly being forced
out of work every week in Zimbabwe as the country continues to reel under an
economic meltdown, the Zimbabwe Congress of Trade Unions (ZCTU) says.
According to News Day, ZCTU said there was
need for government to urgently address the crisis, saying the rate at which
workers were being retrenched had reached alarming levels.
This comes against the backdrop of reports that several
companies have folded over the past five years with the majority citing cash
flow problems, the report said.
Last week the country’s youths decried the rate of
unemployment in the country and called on government to take the issue
seriously, as many students graduating from colleges and universities continued
to languish in the streets with no jobs.
Zimbabwe’s unemployment is estimated at close to 90%,
according to recent statistics.