According to the ministry of labour, industrial relations and employment creation 50 companies retrenched more than 1 600 employees in total in the last quarter of 2018. The companies cited the economy and restructuring as the reasons for the huge lay-offs. Full report tomorrow in Market Watch.
Sometimes, well-meant interventions have unintended consequences.One case in point are tax-free allowances, such as tax-free housing allowances, tax-free car allowances, tax-free pension fund contributions, etc....
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