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Mining Weekly reports that gold producer AngloGold Ashanti (AGA) on Thursday said that, while it was in talks with certain stakeholders, including unions and authorities to address challenges facing its local operations, “job cuts will always be a last resort”.
This comes after earlier media reports noted that the company was looking to lay off more than 800 workers. In a statement released to Mining Weekly Online, AGA spokesperson Chris Nthite noted that the business was marred by maturing operations, a declining production profile, cost escalations and frequent regulatory disruptions, which hampered its ability to build and sustain volumes. “Part of this process of engagement entails the necessary creation of a more sustainable and cost effective South African business that better reflects the realities of the operating environment,” he added.
- This short report is at Mining Weekly Online
- Read too, Meer as 800 dalk uit diens gestel by AngloGold, at Netwerk24 (limited access)
Get other news reports at the SA Labour News home page