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Retrenchments on the rise u2013 Labour
Retrenchments on the rise u2013 Labour

Retrenchments on the rise – Labour

Herma Prinsloo
OGONE TLHAGE

WINDHOEK

The ministry of labour received notice of 881 employees being retrenched, marking a 58% quarter-on-quarter increase of the number of persons retrenched.

“The industry is still seized with the unpleasant number of retrenchments. During this quarter, the ministry received notices of intent to dismiss a total of 881 employees by 117 employers.

“This is an increase by 58% of employees and 55% of employers as compared to the previous quarter,” said the acting executive director in the ministry of labour, Lydia Indombo.

The situation left much to be desired despite the state of the economy, Indombo said.

“Although this number does not reflect the actual figure of retrenchment as employers are only required to inform the labour commissioner of their intention to dismiss but not the actual number of retrenchments, it is leaves much to be desired especially in the state of economy that the country finds itself in,” Indombo said.

70% jobless

The Namibia Statistics Agency last week released a survey in which it had found that nearly seven out of every 10 people sampled by the Namibia Statistics Agency (NSA) were jobless even before the third Covid-19 wave hit the country.

More than 45% of unemployed people interviewed by the NSA in rural and urban areas said they lost their jobs due to business closures resulting from Covid-19 restrictions imposed by government since the middle of March this year.

About 18% in urban areas were laid off, while nearly 12% in the rural areas shared the same fate.

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Namibian Sun 2024-05-02

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LaLiga: Barcelona 4 vs 2 Valencia SerieA: Genoa 3 vs 0 Cagliari European Championships Qualifying: Coventry City 1 vs 2 Ipswich Town | Preston North End 0 vs 3 Leicester City English Championship: Coventry City 1 vs 2 Ipswich Town | Preston North End 0 vs 3 Leicester City Katima Mulilo: 12° | 33° Rundu: 12° | 31° Eenhana: 14° | 33° Oshakati: 16° | 32° Ruacana: 15° | 32° Tsumeb: 15° | 31° Otjiwarongo: 14° | 29° Omaruru: 15° | 32° Windhoek: 13° | 27° Gobabis: 15° | 28° Henties Bay: 16° | 21° Wind speed: 40km/h, Wind direction: E, Low tide: 04:26, High tide: 10:41, Low Tide: 16:45, High tide: 23:19 Swakopmund: 16° | 18° Wind speed: 30km/h, Wind direction: S, Low tide: 04:24, High tide: 10:39, Low Tide: 16:43, High tide: 23:17 Walvis Bay: 17° | 25° Wind speed: 30km/h, Wind direction: S, Low tide: 04:24, High tide: 10:38, Low Tide: 16:43, High tide: 23:16 Rehoboth: 15° | 29° Mariental: 18° | 31° Keetmanshoop: 20° | 32° Aranos: 18° | 30° Lüderitz: 14° | 25° Ariamsvlei: 20° | 34° Oranjemund: 14° | 22° Luanda: 25° | 28° Gaborone: 16° | 29° Lubumbashi: 11° | 26° Mbabane: 14° | 25° Maseru: 10° | 26° Antananarivo: 15° | 25° Lilongwe: 14° | 28° Maputo: 18° | 28° Windhoek: 13° | 27° Cape Town: 16° | 24° Durban: 18° | 26° Johannesburg: 17° | 26° Dar es Salaam: 26° | 30° Lusaka: 15° | 27° Harare: 13° | 27° Currency: GBP to NAD 23.23 | EUR to NAD 19.9 | CNY to NAD 2.56 | USD to NAD 18.57 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.32 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.68 | ZWL to NAD 0.04 | BRL to NAD 3.58 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.43 | USD to AOA 834.06 | USD to BWP 13.64 | USD to EGP 47.9 | USD to KES 134.48 | USD to NGN 1349.9 | USD to ZAR 18.57 | USD to ZMW 26.87 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 76076.19 Down -0.5% | Namibian Stock Exchange (NSX) Overall Index 1690.93 Down -0.96% | Casablanca Stock Exchange (CSE) MASI 13322.85 Up +0.03% | Egyptian Exchange (EGX) 30 Index 26113.71 Up +6.81% | Botswana Stock Exchange (BSE) DCI 9146.09 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 302.68/OZ UP +0.49% | Copper US$ 4.46/lb DOWN -0.0093 | Zinc US$ 2 923.50/T UP 0.18% | Brent Crude Oil US$ 84.37/BBP DOWN -0.0267 | Platinum US$ 951.74/OZ UP +1.82% Sport results: LaLiga: Barcelona 4 vs 2 Valencia SerieA: Genoa 3 vs 0 Cagliari European Championships Qualifying: Coventry City 1 vs 2 Ipswich Town | Preston North End 0 vs 3 Leicester City English Championship: Coventry City 1 vs 2 Ipswich Town | Preston North End 0 vs 3 Leicester City Weather: Katima Mulilo: 12° | 33° Rundu: 12° | 31° Eenhana: 14° | 33° Oshakati: 16° | 32° Ruacana: 15° | 32° Tsumeb: 15° | 31° Otjiwarongo: 14° | 29° Omaruru: 15° | 32° Windhoek: 13° | 27° Gobabis: 15° | 28° Henties Bay: 16° | 21° Wind speed: 40km/h, Wind direction: E, Low tide: 04:26, High tide: 10:41, Low Tide: 16:45, High tide: 23:19 Swakopmund: 16° | 18° Wind speed: 30km/h, Wind direction: S, Low tide: 04:24, High tide: 10:39, Low Tide: 16:43, High tide: 23:17 Walvis Bay: 17° | 25° Wind speed: 30km/h, Wind direction: S, Low tide: 04:24, High tide: 10:38, Low Tide: 16:43, High tide: 23:16 Rehoboth: 15° | 29° Mariental: 18° | 31° Keetmanshoop: 20° | 32° Aranos: 18° | 30° Lüderitz: 14° | 25° Ariamsvlei: 20° | 34° Oranjemund: 14° | 22° Luanda: 25° | 28° Gaborone: 16° | 29° Lubumbashi: 11° | 26° Mbabane: 14° | 25° Maseru: 10° | 26° Antananarivo: 15° | 25° Lilongwe: 14° | 28° Maputo: 18° | 28° Windhoek: 13° | 27° Cape Town: 16° | 24° Durban: 18° | 26° Johannesburg: 17° | 26° Dar es Salaam: 26° | 30° Lusaka: 15° | 27° Harare: 13° | 27° Economic Indicators: Currency: GBP to NAD 23.23 | EUR to NAD 19.9 | CNY to NAD 2.56 | USD to NAD 18.57 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.32 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.68 | ZWL to NAD 0.04 | BRL to NAD 3.58 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.43 | USD to AOA 834.06 | USD to BWP 13.64 | USD to EGP 47.9 | USD to KES 134.48 | USD to NGN 1349.9 | USD to ZAR 18.57 | USD to ZMW 26.87 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 76076.19 Down -0.5% | Namibian Stock Exchange (NSX) Overall Index 1690.93 Down -0.96% | Casablanca Stock Exchange (CSE) MASI 13322.85 Up +0.03% | Egyptian Exchange (EGX) 30 Index 26113.71 Up +6.81% | Botswana Stock Exchange (BSE) DCI 9146.09 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 302.68/OZ UP +0.49% | Copper US$ 4.46/lb DOWN -0.0093 | Zinc US$ 2 923.50/T UP 0.18% | Brent Crude Oil US$ 84.37/BBP DOWN -0.0267 | Platinum US$ 951.74/OZ UP +1.82%