Browsing: Job loss in Uganda

4.4 million Ugandans could lose jobs –Report

Ugandans could lose jobs if the pandemic persists for the next six months according to the business climate index published by the Economic Policy Research Centre.

According to the Economic Policy Research Centre study, 3.8 million workers would lose their jobs temporarily while 625,957 would lose their employment permanently if the pandemic persists for the next six months. 80 per cent of the workers in Kampala predicted to lose their jobs permanently while in other regions in the country the layoffs might not be permanent.

According to the Uganda Bureau of Statistics 2018, a national estimate of employment stands at 9 million. In the event of the layoff, temporary employment will reduce by 42 per cent while permanent employment will reduce by 7 per cent.

“Over 75 per cent of employees projected to lose their jobs permanently are from the service sector. This is highly expected since most of …