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Stakeholders vow fair Amplats deal

Jan 28 2013 19:47 Sapa

Amplats mineworkers at a previous strike. (Picture: Lucky Nxumalo/City Press)

Company Data

Anglo American Plat Ltd [JSE:AMS]

Last traded 451.01
Change -11.99
% Change -0.03
Cumulative volume 240449
Market cap 121.63bn

Last Updated: 28/08/2014 at 04:18. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - The retrenchment of nearly 14 000 minerworkers at Anglo Platinum [JSE:AMS](Amplats) was postponed on Monday to allow for a detailed consultation process to take place.

The mineral resources department, Amplats and unions met on Monday and decided to postpone the Section 189 process under the Labour Relations Act.

"[The meeting resolved to] expedite the consultation process and take no more than 60 days, beginning January 30," they said in a joint statement.

"The tripartite members re-committed to engage constructively for the benefit of all stakeholders and will communicate progress updates as and when appropriate."

The unions represented at Amplats are the National Union of Mineworkers, the Associated Mineworkers & Construction Union, the National Union of Metalworkers of South Africa and UASA.

Amplats announced the retrenchments on January 15.

The vast majority of job cuts - 13 000 - would be lost around Rustenburg, that was at the centre of violent labour unrest last August and September.

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amplats  |  jobs  |  num  |  mines
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