• Customers as experts

    Some M4Jam micro jobbers are now helping others to refine their ability to make money.

  • Sticking it to Sanral

    The time is now for citizen-centric leadership to stop the road to ruin, says Mandi Smallhorne.

  • The magic of not noticing

    Having a personal interest in not noticing does impair one’s ability to notice, says Ian Mann.

Data provided by iNet BFA
Loading...
See More

Gold Fields workers heed warning

Oct 17 2012 09:53 Sapa
Striking Gold Fields mine workers.

Striking Gold Fields mine workers. (AFP)

Company Data

GOLD FIELDS LIMITED [JSE:GFI]

Last traded 44.45
Change 0.4
% Change 0.01
Cumulative volume 389292
Market cap 34.44bn

Last Updated: 20/08/2014 at 02:22. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Quiet at Gold Fields

Gold Fields issues ultimatum

Gold Fields readies to fire 15 000 miners

Gold Fields: Workers returning

NUM seeks new talks with chamber

Gold Fields: Strikers must disarm

 

Johannesburg - Workers returned to Gold Fields' Beatrix one, two and three shafts as expected on Wednesday after the company issued a final ultimatum before firing them, a spokesperson said.

Wednesday's attendance was "full turn out," said Willie Jacobsz.

On Monday the gold producer issued a final ultimatum to workers at those shafts on a wildcat strike since September 24 saying that if they did not come back they would be fired.

Up to 70% turned up en masse at the mine near Welkom in the Free State, irrespective of their shift on Tuesday.

They were sent home and told to report according to the shift roster on Wednesday.

The company also issued a final ultimatum to workers at the KDC West mine near Carletonville, Gauteng, and Beatrix number four shaft to be back at work by Thursday 2pm.

There was no sign of them yet.

"There has been a lot of informing and consultations taking place. We can expect them tomorrow (Thursday) at best," Jacobsz said.

The ultimatum did not apply to the 8 500 KDC East mineworkers who went on strike on Sunday but the company has applied for an interdict at KDC east declaring the strike unlawful.

Those who returned to work by the deadline would benefit from an agreement reached under the auspices of the Chamber of Mines, "notwithstanding that the offer has expired", Gold Fields CEO Nick Holland said.

Gold Fields [JSE:GFI] had lost about R1.2bn in revenue and 65,000 ounces in gold production due to the strike.

The company had saved R900m in wages over the same period, Holland said.

He said Gold Fields had been left with little option but to issue the ultimatums, given the escalating violence among strikers. This included intimidation, attempted murder, and damage to property.

 
gold fields  |  mining unrest
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
18 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Money Clinic

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