Finance minister Mthuli Ncube has now said there would be no mass layoffs of public sector workers because government has no money to bankroll retrenchment packages.He said government will now conside...
By Staff reporter | Published: 01 December 2018
THE Government's plan to facilitate the re-opening of Auto Tyres Zimbabwe (ATZ), formerly Dunlop, in the first quarter of this year has hit a snag after workers were issued with retrenchment letters l...
By Staff reporter | Published: 08 January 2018
SHOE manufacturing company Bata has embarked on a voluntary retrenchment exercise targeting its top managers as it moves to streamline its staff in line with production.According to a letter seen by S...
By Staff reporter | Published: 03 December 2017
BATA Shoe Company in Gweru has reportedly offered employees a voluntary retirement scheme (VRS) as part of efforts to cut labour costs, Southern Eye has learnt.The company is also offering bonuses to ...
By Staff reporter | Published: 28 November 2017
FAST moving consumer goods manufacturer, Olivine Industries, which recently laid off nearly a third of its employees, has temporarily rescinded the plan after workers opposed the move and now seeks to...
By Staff reporter | Published: 07 September 2017
Sacked Air Zimbabwe (AirZim) workers have rejected the parastatal's retrenchment package, saying it had been imposed on them in violation of the Labour Act.The Daily News on Sunday can exclusively re...
By Staff reporter | Published: 28 August 2017
THE Civil Service Commission has frozen the rationalisation exercise in the public service that sought to reduce the Government wage bill, it has emerged.CSC chairperson Dr Mariyawanda Nzuwa yesterday...
By Staff reporter | Published: 08 August 2017
Chitungwiza Municipality has resorted to targeting workers who are experiencing health problems and those nearing retirement in its efforts to right-size the organisation.The local authority is in the...
By Staff reporter | Published: 01 August 2017
More retrenchments are looming at PG Industries as the group seeks to turn around its fortune after sinking deeper into the red, posting a $11,3 million loss for the year ended December 2013.The group...
By Staff reporter | Published: 02 June 2014
Hwange Colliery Company Limited has denied that it retrenched its workforce that took the company for arbitration seeking to recover severance packages amounting to more than $1,2 million. About 16 wo...
By Staff reporter | Published: 13 May 2014
At least 51 employees have voluntarily left Alpha Media Holdings, the publishers of NewsDay, The Southern Eye, The Zimbabwe Independent and The Standard newspapers, after the company announced it can...
By Staff reporter | Published: 04 February 2014
Finance and Economic Development Minister Patrick Chinamasa said on Tuesday the Government does not plan to retrench any member of the civil service to balance its budget which is skewed towards emplo...
By Staff reporter | Published: 29 January 2014
Platinum producer, Mimosa Mining plans to retrench 100 workers in a bid to optimise its cost base, a company’s executive has said.Mimosa Mining Company, executive chairman Winston Chitando said the ...
By Staff reporter | Published: 13 November 2013
Zimbabwean employers have been pressured by different negative factors in the economy to retrench in order to keep their companies operational.The major challenge that companies have been facing is of...
By Business reporter | Published: 30 August 2013
Rainbow Tourism Group (RTG) has suspended its retrenchment exercise after coming out of the woods, posting a $105 000 profit after tax in the half year to June 2013 from a $3,2 million loss incurred i...
By Business reporter | Published: 23 August 2013
THE Zimbabwe Congress of Trade Unions (ZCTU) has warned of more retrenchments as the country does not have investor-friendly policies.ZCTU president George Nkiwane last week told NewsDay Business that...
By Business reporter | Published: 13 August 2013
Pick n Pay hopes to trim jobs across the country as it implements a turnaround strategy, Business Day reported on Wednesday.The retailer is offering voluntary retrenchments to workers in its head offi...
By fin24 | Published: 07 August 2013
Cairns Holdings judicial manager Reggie Saruchera says none of the potential investors who submitted bids to acquire the Reserve Bank's stake in the company had indicated plans to lay off workers. Thi...
By Business reporter | Published: 30 July 2013
At least 863 workers were retrenched during the first four months of this year compared to 746 laid off during the same period last year, representing a 15 per cent increase, the Retrenchment Board sa...
By Staff reporter | Published: 03 July 2013
Concern over Masvingo black market 
Kenya declares three days of mourning for Mugabe 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Zimbabwe abandons debt relief initiative 
European Investment Bank warms up to Zimbabwe 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
