NUMSA dips into reserves

Kosmik

Honorary Master
Joined
Sep 21, 2007
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21,977
Well well well, :ROFL: :ROFL: :laugh: Members can't pay if they don't get paid due to strike yah know.


Numsa spokesperson Phakamile Hlubi-Majola says bonuses will be paid on Friday. But to pay the bonuses, Numsa has had to dip into its reserves.

One of SA’s largest trade unions, the National Union of Metalworkers of SA (Numsa), is buckling under financial pressure because members are defaulting on their fees — to the tune of about R46m a year.
 
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Temujin

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Apr 18, 2015
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13,282
I guess the one good thing about high unemployment is that the unions who are partially responsible for it go broke :thumbsup:
 
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