Planned job cuts are put on hold

The Star Early Edition - - COMPANIES -

SOUTH African bul­lion pro­ducer AngloGold Ashanti will hold back on job cuts an­nounced last week and will in­stead re­de­ploy most of the work­ers within the firm, the Na­tional Union of Minework­ers (NUM) said yes­ter­day. “We have reached an agree­ment with the com­pany that the ma­jor­ity of the 849 work­ers will be re­de­ployed in other parts of AngloGold, and the rest will be reskilled,” said NUM spokesman Livhuwani Mamm­buru. The com­pany would not con­firm that it had reached an agree­ment, how­ever, but said it was in talks to mit­i­gate job losses. “This en­gage­ment is on­go­ing and it re­mains too early to pre-empt an out­come,” said AngloGold spokesper­son Ste­wart Bai­ley. Tough safety mea­sures and chang­ing own­er­ship rules have put bul­lion min­ers un­der pres­sure in Africa’s most in­dus­tri­alised econ­omy as in­fla­tion gnaws at prof­its. AngloGold had been con­tem­plat­ing the dis­missal of as many as 849 em­ploy­ees on the ba­sis of its op­er­a­tional re­quire­ments, a doc­u­ment showed last week. – Reuters

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