Today's Labour News

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goldfieldsMining Weekly reports that Gold Fields says the settlement agreement offered to striking workers will expire at 17:00 on Friday, 30 November and has warned that no further “sweetener deals” will be introduced should the deadline lapse.  

In a media briefing on Wednesday, CEO Nick Holland reiterated the company’s statement, issued on Tuesday, that the company has acted in “utmost good faith” in terms of its restructuring and that the planned retrenchment of 1,082 employees and 420 contractors at the South Deep mine was a last resort.  Employees at the mine went on strike on 2 November in protest over the planned retrenchments.  The settlement agreement, which seeks to resolve the strike, proposes the payment of an additional month’s pay to the severance payments on top of the retrenchment packages.  This amounts to an additional R30-million over and above the estimated R180-million spent on the retrenchment packages.  It also sets aside R10-million for portable skills training, which retrenched workers can access.  The agreement further proposes staggering the ‘no work no pay’ salary deductions over a period of four months instead of deducting it in one month.  Holland commented that “there is no way back … these people [have] been retrenched, have left the organisation and have been paid.  It’s time to look forward and determine how do we look after the people that remain.”

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