Data provided by iNet BFA
Loading...
See More

Gold Fields fires 8 500 strikers

Oct 23 2012 17:19

Company Data

GOLD FIELDS LIMITED [JSE:GFI]

Last traded 41.37
Change -0.09
% Change 0.00
Cumulative volume 331714
Market cap 32.05bn

Last Updated: 23/07/2014 at 03:31. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Gold Fields KDC miners ignore ultimatum

Gold Fields issues final warning

Gold Fields issues final ultimatum

Gold Fields confirms end of strike

Gold Fields sacks remaining strikers

Strikers heed dismissal threat

 

Johannesburg - Gold Fields [JSE:GFI] on Tuesday fired 8 500 workers who refused to halt an illegal stoppage at its KDC East mine, a spokesperson said.

"All 8 500 people who were on strike did not come back. They did not return to work, so we have issued dismissal letters to all of them," spokesperson Sven Lunsche told AFP. Workers have 24 hours to appeal their dismissal, he added.

Workers at the last striking mine of the world's fourth gold producer in Carletonville, southwest of Johannesburg, had ignored an ultimatum to clock in at 4:00 pm.

The firm let go 1 500 strikers at its KDC West mine on October 18, though most later appealed their dismissal.

Mass dismissals are not unheard of in South Africa and are often part of a hard-ball negotiating strategy on the part of mine owners.

Tens of thousands of workers across South Africa's mining sector have been involved in a spate of illegal strikes over pay and conditions.

The stayaways have crippled production in a sector that fuels 19% of South Africa's economy, prompting pressure from employers, government and even the workers' own unions.

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
97 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

10 tips for financial planning

Financial planning is the first step towards a better financial future.

 
 

Start saving...

Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account
All about endowments

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...