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The CCMA says it has received over 20,000 cases and applications to retrench workers, showing that the rate of retrenchments is on the rise.
More than 100 companies have already started retrenching workers and experts warn that this is only the beginning.
Advocate Tertius Wessels, Legal Director at Strata-g Labour Solutions says, “About 140 businesses have applied for business rescue and we’ve seen over 160 matters referred to forums like the CCMA. These include large scale as well as small scale. And we believe this is just the tip of the iceberg,”
According to the national treasury, between three and seven million South Africans could lose their jobs due to the coronavirus and the ongoing national lockdown.
