Mauritius | Manufacturing & Services

June 11, 2013

Dismissals: Worrying Trend

The resilience shown by local businesses deal with the global economic crisis in 2008 seems to dissipate this year. Official figures speak for themselves: 722 employees were laid off for economic reasons from January to April 2013, 180 layoffs recorded per month.

At this rate, it is likely that the bar a thousand licensees will be reached by the end of June 

The majority of those who have been expelled or 374 employees working in the manufacturing sector. Real estate and catering are also affected by the effects of the crisis with the dismissal of 236 employees for the first four months of the year. Gangrene also starting to gain building facing a shortage of projects.

To make things worse, the latest indicators of economic trends - with economic growth forecast revised downward by the Mauritius Chamber of Commerce and Industry (MCCI) - suggest a prolonged slowdown in the second half of the year.

Pessimism about the prospects for recruitment

If, on the one hand, layoffs took the ascendancy, on the other hand, job creation is down compared to previous years. Officials of the Mauritius Employers' Federation (MEF), involving the private organization does not hide their fear of this situation. "We now suffer the brunt of the global economic crisis," they concede, while advocating for policies and actions consistent government / private sector. The MEF also said to have noted the hiring rate the lowest ever recorded in recent years in March.

For its part, the Chamber of Commerce and Industry (MCCI), while reporting an improvement in the synthetic indicator of business climate in the first quarter of 2013, warned that "significant uncertainties remain, and especially the remaining obstacles to expansion. "

"The performance of the Mauritian economy for the short and medium term is likely to be affected to a considerable extent by the European economic outlook prolonged depression," warns the MCCI. Therefore, the MCCI provides that the unemployment rate will continue to rise to 8.6%, against 8.1% in 2012. "The economic crisis, reducing the volume of production and therefore needs labor, driving up the unemployment rate," highlights the institution.

Confirming the degradation of Business, Statistics Mauritius brought down forecasts of tourist arrivals for 2013 million to 990 000 tourists.

In figures

The scourge of unemployment affects more women and young people as evidenced by the latest figures available. Of 19 000 job seekers registered, 72% were women (13 784) against 28% of men (5254).

 

Text by Le Matinal
 

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