RETRENCHMENT TALKS
Unions call out AngloGold on job promises
AngloGold announced at the end of June that it planned to retrench workers at mines that had been unprofitable since the beginning of 2016
Unions at AngloGold Ashanti have demanded that the company account for its compliance with a pledge it signed in 2015 to preserve or even grow jobs in the sector, ahead of formal retrenchment talks next week. AngloGold announced at the end of June that it planned to retrench workers at mines that had been "significantly" unprofitable since the beginning of 2016. The announcement came as the relationship between the mining sector and the government was put under pressure by the release of a revised Mining Charter. AngloGold has said its decision was unrelated to the charter. AngloGold wants to put its Kopanang mine in the Vaal River and the Savuka section of the TauTona mine into care and maintenance. As a consequence, it would review its regional costs following "a period of significant and unsustainable losses", it said in June. The first consultative meeting for retrenchment talks is scheduled for July 14. On Thursday, the unions met and resolved unanimously that AngloGold must sh...
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