How Global Crisis Has Affected The Job Market

"I can only appeal to employers to put to use other forms of employment...these may include agreement with workers for reduction of pay and introduction of flexible employment," he said.

It was not immediately clear whether the number of retrenched workers released by the minister includes those from the mining industry, where job losses have now surpassed 1,400. Last week 132 employees of Lerala diamond company, Diamonex, lost their compensation case at the Industrial Court. The mine has been put into statutory administration following poor diamond sales in October last year. BCL also cut 348 workers after world market prices for copper plummeted last year due to reduced global appetite.