Friday, November 28, 2008

Jamaica group to track economic fallout

Published: Friday November 28, 2008

Jamaica expects to soon appoint a group of union leaders and employers that would track the effects of the global financial crisis.

Labour Minister Pearnel Charles says the group will report to the government and suggest ways to prevent layoffs. The government recently warned that companies will start dismissing workers but was not specific.

Confederation of Trade Unions president Winston James said job loss forecasts were not available because employers from the tourism and bauxite sectors did not attend Tuesday's meeting.

The government expects to ask multilateral lenders for help in closing a US$250 million budget shortfall.

Source: Nation Newspapers

No comments: