Daily Maverick
Africa · 2 hrs ago
✦ 72← Left
RETURN OF HYBRID WORK: Employers should not reach for retrenchments too quickly as oil shock squeezes workers
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Credibility 72/100
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← Left ✓ Fair headline
An opinion piece advising employers against hasty mass redundancies in response to rising petrol prices caused by Middle East tensions, cautioning against conflating a temporary oil shock with a systemic financial crisis like 2008.
RETURN OF HYBRID WORK: Employers should not reach for retrenchments too quickly as oil shock squeezes workers
The Middle East conflict may have sent petrol prices higher and household budgets into a fresh state of panic, but employers should be careful not to mistake a short-term oil shock for another 2008-style financial crisis.
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