Central bank boss, John Mangudya suggested that the economy cannot sustain any wage increase in both the private and public sectors.
Zimbabwe should brace itself for a series of protests by disgruntled workers following Reserve Bank of Zimbabwe’s (RBZ) recommendation for a blanket wage freeze, the largest labour body has declared.
Central bank boss, John Mangudya seemed to have provoked workers last week when he insinuated that the ailing economy cannot sustain any wage increase in both the private and public sectors.
They made reckless statements without looking at the situation holistically
"Given the lack of competitiveness and its negative effects on the economy, we do not see any room for wage and salary increase within the national economy," Mangudya said in his monetary policy statement.
Critics view Mangudya’s proposal as being "anti-worker" coming on the back of revelations that most firms are battling to pay workers on time and let alone full salaries every month.
Most firms have sought permission from the Retrenchment Board to sack workers.On Tuesday, the southern African country’s biggest and influential labour body, Zimbabwe Congress of Trade Unions (ZCTU) said it would mobilise members for protests."They made reckless statements without looking at the situation holistically and due to […]