NUM pledges to fight re­trench­ments

The Star Early Edition - - COMPANIES -

SOUTH Africa’s Na­tional Union of Minework­ers (NUM) will “fight tooth and nail” against plans by An­gloGold Ashanti to lay off more than 800 work­ers, the sec­tor’s biggest union said on Fri­day. Africa’s biggest gold pro­ducer is in talks with the NUM as well as the Uasa and Sol­i­dar­ity unions to axe work­ers at its do­mes­tic op­er­a­tions, a doc­u­ment showed on Thurs­day. The NUM con­firmed on Fri­day that it had re­ceived no­tice from An­gloGold of a plan to dis­miss 849 South African work­ers. “The NUM re­main fear­less, com­mit­ted, ded­i­cated and un­shaken in fighting for the minework­ers. The NUM does not want to see minework­ers be­ing re­trenched,” it said. An­gloGold em­ploys about 25 000 peo­ple in South Africa, whose vast re­sources are ac­com­pa­nied by some­times volatile labour re­la­tions, ris­ing costs and reg­u­la­tory dis­rup­tions. Out­put from its South African mines – roughly a quar­ter of the com­pany’s nearly 4 mil­lion ounces in an­nual out­put – has de­clined in re­cent years. An­gloGold shares were down 0.37 per­cent on Fri­day to close at R163.77. – Reuters

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