Cosatu is broke; it is struggling to pay the rent and its financial woes are set to be made worse by the costs of its 30th anniversary celebrations and two mooted congresses, officials within the federation say. The same sources said that Cosatu was looking at job cuts to adjust to a reduced budget and to avoid liquidation. The labour federation confirmed that the expulsion of its largest affiliate, the National Union of Metalworkers of SA (Numsa) in November, had put a financial strain on Cosatu, as it had lost about R900 000 a month in subscriptions.
Posted on: Fri, 23 Jan 2015 09:00:48 +0000
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