Cosatu sees a “massive national crisis”
By Mandisi Tyulu
27 May 2009
The Congress of South African Trade Unions has described the recession as a “massive national crisis” which requires an immediate response to defend jobs and livelihoods.
Cosatu spokesperson says the measures must include the avoidance of retrenchments, and cut in the repo rate of at least 200 basis points to stimulate investment and demand and emergency measures to protect the most vulnerable industries.
The trade union federation also wants a radically expanded public works programme to provide work for the growing number of unemployed.