This news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.
Bloomberg reports that the Congress of South African Trade Unions (Cosatu) indicated on Tuesday that it welcomed Anglo American’s commitment to South Africa.
This after the company unveiled a strategy to exit diamond and platinum businesses as part of a strategy to fend off a £34 billion takeover approach from rival BHP Group. The labour federation, which previously said it opposed BHP’s bid, said it expected Anglo to undertake not to fire workers as it restructured. BHP had demanded Anglo spin off its South African platinum and iron-ore units as a condition of the offer. “We need a commitment that whatever changes Anglo plans include the needs of its loyal employees. Anglo’s professed commitment to South Africa is welcome,” Cosatu said in a response to queries.
- Read the original of the short report in the above regard by Antony Sguazzin at Moneyweb
Get other news reports at the SA Labour News home page