Results 1 to 2 of 2

Thread: Labour strikes at a 10 year high.

  1. #1
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    22,649
    Thanks
    3,305
    Thanked 2,676 Times in 2,257 Posts
    Blog Entries
    12

    Labour strikes at a 10 year high.

    Labour is restless at the moment:
    The number of strikes in South African industry had reached a 10-year high and analysts warned still more strikes were imminent, the Reserve Bank said on Thursday.

    South Africa's largest labor federation, The Congress of South African Trade Unions, has held its annual convention this week and is looking for ways to exert more influence on the nation's economic policy.

    The bank said in its report on Thursday that the number of working days lost from strikes rose from about 700 000 in the first half of 2005 to 1,6-million in the first half of 2006, the highest figure in 10 years.

    "Unions are flexing their muscle and we can expect it to last," said Steven Friedman, a senior researcher with the Centre for Policy Studies in Johannesburg.

    "It is a sign of economic growth. Although there is labour surplus, the labour market has tightened; profit margins are up and workers think they can get a better deal," he said.
    Full story from M&G here
    Now I've got a question - If labour believes pay increases should be in line with increased profits, will they take a pay decrease when profits are down?

  2. #2
    Platinum Member Marq's Avatar
    Join Date
    May 2006
    Posts
    1,297
    Thanks
    73
    Thanked 283 Times in 216 Posts
    Sure they will - its called retrenchment.

Similar Threads

  1. Labour Union has an appetite for strikes.
    By Dave A in forum General Business Forum
    Replies: 4
    Last Post: 14-Sep-06, 09:41 AM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •