Today's Labour News

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anglogoldashantiBusinessLive reports that, ahead of formal retrenchment talks next week, unions at AngloGold Ashanti (AGA) have demanded that the company should account for its compliance with a pledge it signed in 2015 to preserve or even grow jobs in the sector.  

AGA announced at the end of June that it planned to retrench up to 8,500 workers at mines that had been "significantly" unprofitable since the beginning of 2016.  The first consultative meeting for retrenchment talks is scheduled for 14 July.  On Thursday, the unions met and resolved unanimously that before formal talks get under way the company must show its compliance with a 10-point plan for sustainability in the mining sector that was signed in 2015.  The plan aimed to curb job losses by finding alternatives to retrenchment or facilitating the sale of distressed assets rather than shutting them.  The National Union of Mineworkers (NUM) has decided to fully oppose plans by AGA to retrench.

  • Read this report by Karl Gernetzky in full at BusinessLive

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