FEDUSA notes its concern over economic crisis

By Cindy Witten
27 November 2008

The current global economic crisis has had negative affects on most companies world-wide. The Federation of Unions of South Africa has expressed its concern surrounding retrenchments and possible job losses resulting from the economic crisis.

FEDUSA’s general secretary Dennis George says that this crisis will result in millions of people losing their jobs.
“This will not just affect South African workers, but workers from across the world. The international labour organisation has predicted that something like 20 million across the world will lose their jobs,” said George.

FEDUSA recently met with the Organisation of Economic Cooperation and Development (OECD) through the Trade Union Advisory Council (TUAC). According to the OECD, approximately 8 million people in OECD countries will become unemployed over the next two years.