By BENNIE MUNDANDOMASSIVE job losses are looming if Small Scale Enterprises and struggling companies are not immediately identified and helped, the Economic Association of Zambia (EAZ) has warned.EAZ has proposed a multi-sectoral economic recovery think-tank comprising the public and private sectors be set up immediately to identify the most hit sectors in dire need of an urgent stimulus package instead of leaving it to banks with predatory lending rates.EAZ president Lubinda Haabazoka sounded the warning yesterday that many companies were on the verge of collapse unless they get immediate help.“WE must immediately identify the most-hit sectors in the economy and provide them with a stimulus package failure to which we will be hit with massive job losses shortly,” he warned.In a related development, Change Life Zambia leader, Joseph Kasongo has warned that the failure by Government to make labour concessions in view of new draconian employment code would lead to job losses.Mr Kasongo pointed out […]
COVID-19 JOB LOSSES LOOM
