Jobless Unemployment 550 Set To Lose Their Jobs

About 550 members of ICU will lose their jobs by the ongoing retrenchment exercises by industries and businesses.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

The Industrial and Commercial Workers Union has confirmed that about 550 of their members have so far been affected by ongoing retrenchment exercises by industries and businesses.

Several businesses and factories in the country are set to lay off  more workers in the coming months, Joy News has gathered.

General Secretary of the Union, Solomon Kotei told Joy News workers and the general public should brace up for a more startling figure because the big businesses are yet to present the number of workers they intend to lay off.

Though he would not mention names but with a foreknowledge of the “huge companies” currently discussing the retrenchment exercise, the General Secretary said the figures would be “disturbing”.

Solomon Kotei is worried this mass retrenchment will have an adverse effect on labour and the economy.

He attributed the development to the cedi depreciation against the dollar, a situation he described as “wobbling” which is making it difficult for businesses to plan; dwindling market shares due to influx of imported goods as a result of the open market system.

According to him, what is making the situation worse is the severe load shedding exercise in the country.

“What is breaking the camel’s back is the dum, dumsor,” he emphasised, adding that most workers go to work to idle about without power to work with.

However, the General Secretary said the Union is working around the clock to avert any untold burden on workers and how best to assist the companies to survive.

He also pleaded with employers to give the Union early notice to enable them fashion out the best way to structure any retrenchment.

Meanwhile, beverage giant Coca-Cola has already begun laying off workers as it confirms that a total of 211 of its workforce will be going home by June this year.

The retrenchment will affect mainly their production staff. Some of the workers have already gone home, while another batch will be laid off by the end of this month.

Director of Communications at the Coca-Cola Bottling Company of Ghana, Isaac Antwi told Joy Business the shake-up is mainly due to excess capacity in terms of personnel and challenges with demand for its products.

Source: Myjoyonline

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos





Top Articles

1 RIP KABA was the only child of his parents - Captain Smartbullet
2 Ghana Armed Forces GAF announces date for 2017/18 recruitment screeningbullet
3 Adult Content We will continue showing porn on TV - Ice TVbullet
4 Freemasonry Here are prominent Ghanaians who are also freemasonsbullet
5 Recruitment Police, other security agencies would be recruiting...bullet
6 In Nigeria Statue of Prez Akufo-Addo to be unveiledbullet
7 Illegal Drugs Ghana leads Africa in marijuana use; ranks 3rd...bullet
8 Family Affair These mega churches are keeping it in the familybullet
9 Special Ring Saga God has empowered me more than the...bullet
10 Confession This is the real story behind Atta Ayi's arrestbullet

Top Videos

1 WATCH Kennedy Agyapong dances wildly to hip hop song in hilarious videobullet
2 Video Police officer attacked at Flagstaff Housebullet
3 Video Gabby Otchere-Darko, Citi FM MD heckled in New Yorkbullet
4 Video Koforidua river mysteriously turns Biblical Blood Redbullet

News