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Amplats holds off on dismissals

Oct 18 2012 09:30 Reuters
Amplats worker

Amplats worker (Picture: AFP)

Company Data

Anglo American Plat Ltd [JSE:AMS]

Last traded 508.50
Change -1.49
% Change 0.00
Cumulative volume 137520
Market cap 137.13bn

Last Updated: 23/04/2014 at 04:26. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Anglo Platinum [JSE:AMS] (Amplats) will delay its dismissal process pending the outcome of talks with trade unions, the company said on Thursday.

"The company has resolved to commence engagements with its recognised unions, namely, NUM, Uasa, and Numsa, to explore options to facilitate the return of employees currently involved in illegal strike action, to work. These discussions will be done on an expedited basis," said spokesperson Mpumi Sithole.

She said Amplats had also decided to delay the dismissal process at its Union and Amandelbult mines to afford these negotiations a chance of success.

"Anglo American Platinum confirms that while it remains its stated position that we will not reinstate the 12 000 dismissed Rustenburg employees, the company has agreed with its recognised unions that it is willing to discuss their status as part of this engagement."

CEO Chris Griffith said the company believed it was right for it to engage with recognised unions to find a solution.

"We are faced with extremely complex challenges that require innovative solutions that will address the very real economic issues affecting the entire platinum industry.

"We believe that it is only right for us to engage with our recognised unions and work together to find the best way forward."

Workers have been on strike since September demanding a monthly salary of R16 000.

The company fired 12 000 workers at its Rustenburg operation after they did not attend disciplinary hearing.

Amplats said despite calls for workers to return, attendance levels remained below 20%.

"Currently the majority of the mining operations in Rustenburg and north of Pilanesburg have insufficient staff to operate safely and continue to carry out essential services only."


 
anglo platinum  |  mining unrest
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