A strike is a form of protest whereby a group of employees withhold labour in order to pressure employers into granting a particular demand. (Cambridge Dictionairies) Causes and effects of strikes in South Africa: Causes - Lack of transformation‚ mutual respect‚ trust‚ and socio-economic equity (SABC‚ 2014). - Dissatisfaction with pay or working and living conditions. Effects - Companies: financial losses‚ reduced productivity‚ profitability and market share‚ and delayed service delivery. Employees:
Premium Trade union Employment Supply and demand
DROP IN PRICE OF CRUDE OIL: IMPLICATION ON THE NIGERIAN ECONOMY PAPER DELIVERED TO BOARD OF DIRECTORS OF GUINNESS NIGERIA PLC Executive Summary The volatility in the prices of crude oil in the international oil market which was triggered by factors within the global economy has impacted the Nigeria economy to some degree with dire consequences for the implementation of the 2012 budget. Some of the factors which triggered the fall in oil prices include a massive
Premium Economics Inflation Petroleum
The Nigerian Culture of Scamming and How it Came to Be Many Americans have very limited knowledge of Nigeria. People tend to know little regarding the country’s history or its current affairs‚ and hold the nation to a common image. This image of Nigeria can generally be narrowed down to poverty‚ corruption‚ and the scamming that is operated out of the country. While Nigeria is worthy of much more than a three-word summary‚ there are reasons why the country has earned this reputation. Poverty
Premium
With its roots in banking‚ the sub-prime mortgage crisis that commenced in the United States in 2007 soon resonated in other sectors of its financial system‚ and the economy‚ at large. It spread quickly to the developed economies in Europe‚ including the United Kingdom‚ and Asia -with Japan becoming well affected. The emerging economies were not isolated. A transmission channel of the global financial crisis‚ which has been referred to as the “Globalised Synchronized Slowdown” is the stock market SERE-EJEMBI
Premium Subprime mortgage crisis Financial markets Financial crisis
ASUU STRIKE : THE REAL CAUSE OF ASUU JULY STRIKE The Nigerian Educational Logjam The Crisis at RSUST Re-engaged University of Ilorin Lecturers The Seemingly Intractable University of Abuja Crisis IMF/World Bank and Nigeria’s Economic Development 2009 FGN/ASUU Agreement You will recall that ASUU declared a total‚ indefinite and comprehensive strike on 4th December 2011 in order to prevail on government to sincerely and judiciously implement the 2009 Agreement it freely entered into with our
Premium Federal government of the United States Research and development Nigeria
Shomoi Francis Mr. Joseph English 12 26 November 2012 War: Effect on Economy War has influenced economic history profoundly across time and space. Winners of wars have shaped economic institutions and trade patterns. Wars have influenced technological developments. Above all‚ recurring war has drained wealth‚ disrupted markets‚ and depressed economical growth. Wars are expensive (in money and other resources)‚ destructive (of capital and human capital)‚ and disruptive (of trade‚ resource
Premium World War II War World War I
Strike [Sec. 2 (q)]: Strike means "a cessation of work by a body of persons employed in any industry acting in combination or a concerted refusal under a common understanding of any number of persons who are or have been so employed‚ to continue to work or to accept employment". Mere stoppage of work does not come within the meaning of strike unless it can be shown that such stoppage of work was a concerted action for the enforcement of an industrial demand. Procedure of Strikes According to Sec
Premium Trade union Strike action
Outsourcing and the U.S. Economy Outsourcing jobs has been a topic of great debate for the past several years here in the United States. Those who are against outsourcing stated that it would have a negative effect on the U.S. economy because we would lose our competitive advantage to other countries and hundreds of Americans would lose their jobs‚ which include not only low-skilled workers but also semi-skilled and skilled workers‚ and in the end this does not leave enough jobs for the American
Premium Outsourcing Economics United States
Immigrants Are They A Stress On Our Economy. | | | Joanna Przyborski | 10/27/2012 | | Illegal immigration is an issue that has been highly debated in the United States for decades‚ and the effects of these immigrants will be for many to come‚ especially with the country in a recession and many people in economic trouble. December 1‚ 2008 the National Bureau of Economic Research officially declared the U.S. in a recession. Before 2007‚ U.S. economy has grown in 23 of the last 25
Premium Immigration to the United States Illegal immigration Immigration
The Effects of Ethanol on the Economy ECON 203 May 3‚ 2007 The Effects of Ethanol on the Economy Corn crops are responsible for producing numerous valuable resources and products and therefore‚ corn is a vital part of the nation’s agricultural industry. One of the most valuable products derived from corn is ethanol. Due to the demand for ethanol corn has experienced an increase in value. Farmers are able to charge
Premium Ethanol fuel Renewable energy Wind power