Adcorp slams job cuts in SA

City Press quotes Adcorp's chief executive, Richard Pike as saying that the powerful labour unions had tried to fend off massive job losses but "companies still used the recession to get rid of workers".

He claims that a lot of companies are automating their production lines allowing them to dispose of workers. Moreover, they are outsourcing manufacturing activities or moving to offshore markets in an attempt to remain competitive in a recessionary global market.

Solidarity's deputy secretary-general Gideon du Plessis supports this view saying that about 30% of companies where the union is active had exploited the recession to get rid of workers, boost profits and put more wealth in shareholders' pockets.

Read the full article on www.citypress.co.za.