*YCL Disgusted by Pick and Pay’s contemplate retrenchment*


July7, 2011

The Young Communist League of South Africa [Ufasimba] notes with the outmost
disgust the contemplated retrenchments of 3000 workers by Pick n Pay.


Their CEO and senior management has been taking hundreds of millions in
bonuses whilst workers share of their income has been greatly reduced. They
claim that 65% of their income goes to staff wages. This is a blatant lie
because management has been siphoning millions in bonuses while the workers
are living below the breadline.


The YCL will join forces with SACCAWU and COSATU in fighting to save these
jobs. Whatever action that SACCAWU takes on this matter the YCL will be
fully behind it, as we feel that this is an onslaught on the working class
and the poor. The private sector has done everything in their powers to
reverse our governments' efforts to reach their target of 4 million jobs by
2014 though their desire to maximize profits and deepen inequalities and
poverty.


Issued by the YCL head office



Mafika Mndebele (National Spokesperson)
Landline: (011) 339 3621
Cellphone: 073 574 5953
Cellphone: 082 567 3557
Email: [email protected]


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Venceremos



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Venceremos

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