Fin24

ANCYL bemoans Lonmin plans

2012-11-01 19:18

Johannesburg - The ANC Youth League (ANCYL) on Thursday said it was shocked to learn that Lonmin [JSE:LON] Platinum had given notice to union members of possible retrenchments.

"The timing of the notice, right in the middle of an emotive and highly charged hearings on how more than 40 people lost their lives, is indicative of capital's ingrained cruelty," the ANCYL said in a statement.

"Despite concerted overtures from grieving families, seeking healing and closure during this difficult time, Lonmin management has the audacity to issue a notice on possible retrenchments."

The company issued a notice that it was contemplating restructuring to unions on Tuesday, signed by vice-president for human capital Barnard Mokwena.

"I can confirm that we have notified the unions," he said.

The notice to unions said the number of employees who might be affected was not known at this stage. Lonmin currently employs 28 042 people.

The ANCYL said the notice of restructuring was an insult to the mineworkers who celebrated the wage settlement reached with Lonmin management less than a month ago.

"It was a cruel trick management used to lure workers back to work, unaware that even before they could enjoy what was a well-deserved victory, they or their colleagues and comrades would be facing looming unemployment and even harsher poverty," it said.

"Lonmin, its managament, directors and shareholders should attempt to preserve any shred of humanity and integrity they may still have by permanently halting this callous and cruel restructuring process."

Comments
  • squeegee.pilot - 2012-11-01 19:23

    Eish, I am shocked. I kicked the dog and it bit me.... hahaha.

      jason.marriott.75 - 2012-11-01 19:59

      What you think happens when you forced to pay people more, cut back on the amount of people you are paying. Amazed they didn't see this coming.

      lacrimose.wolf - 2012-11-01 21:35

      I do recall JM saying "let the Western investors go, the Chinese will help us" or something along those lines. They are about to get their first black Christmas, where all their wishes will come true.

      brucemgiles - 2012-11-01 22:09

      E=mc2

      darren.raath.5 - 2012-11-02 05:35

      maybe they will be retrenching 28 042 ....

      denis.dendrinos - 2012-11-02 12:01

      The ANCYL's attitude is a perfect reflection that they don;t understand cost to a company. All they know is that there is this thing call tax and there is alot of it and they can do whatever they like cos it apparently never runs out..... so what's wrong with all these other companies? O mean why don't they also have bottomless pits of money to pay workers 50k and still be profitable?

      thabang.bonang.7 - 2012-11-02 13:21

      How I wish we could know the profit margins the mining companies are making. Even in comparison to other countries.

      edward.patterson.923 - 2012-11-02 14:48

      Want to know another shocker...this is the only story about SA that I found on Comcast about SA (internet provider in the US). I wonder what stories are getting press around the world? Probably nothing about De Klerk or the ANC being miffed. But things that affect the businesses that invest in SA that will get press. So I wonder what does the world think about SA and the business opportunities there???

  • raymond.buis.3 - 2012-11-01 19:26

    What did these idiots think would happen. Its called economics. Welcome to the real world.

      thabang.bonang.7 - 2012-11-02 13:41

      I agree it is economics. And how much profit is the mine making and how well do they pay their shareholders?

      edward.patterson.923 - 2012-11-02 14:50

      @thabang another thing about economics. When a product becomes to expensive or it's production unreliable then manufacturing finds another product to do it's job. Platinum isn't sacred, businesses could find something else to take the place of platinum

      themba.maseko.568 - 2012-11-02 15:57

      This will be a lesson to other miners still looking to enjoy the 'fruits' of the so-called Lonmin Labour Victory. While I support distribution of wealth through more constructive measures like shared ownership and responsibility as well as beneficiation programmes, you can't engaged yourself in violent and illegal strikes, forcing your employer to pay you more and then expect to get away with it entirely just like that!!!

  • janis.moolman - 2012-11-01 19:30

    Wake up and smell the roses all the mines are going to fire people ip to 20000 and guess what if they do not do this the investers will run

      jonathanlee.oosthuizen - 2012-11-02 02:01

      And then our country is really in trouble when the investors run. But ya..mr malema doesn't think about that.he just wants to criple this country for his own personal gain. And I bet you quite a few of those strikers weren't even true miners. They were unemployed people trying to help fuel the fire. And when all fails they blame apartheid.

      Peter - 2012-11-02 08:59

      I just cannot for the life of me fathom how anyone could have expected a different outcome? And to tell the mine to pause due to that farce of a hearing? Really? Seriously? No really ... Seriously?

  • george.larkins.14 - 2012-11-01 19:32

    No Company can tollerate or afford a workforce you can not trust.The same is going to happen at the other mines.They WILL restructure.How can you keep somebody employed if they DANCE like uneducated morons with spears and knopkieries.Not even talking of the intimidation of people that want to go to work.FIRE THEM

  • rowan.maulson - 2012-11-01 19:44

    WTF did these knobheads THINK would happen?

  • itse.nnete.1 - 2012-11-01 19:58

    Are the shareholders sulking about the little profits they'll be earning this year...and they feel the only way to resolve this is by firing the labourers?

      beverley.southern.3 - 2012-11-01 20:08

      No employer is going to fire someone who is valuable to the organisation. They fire the deadwood parasites who want want want and don't contribute by working hard and honestly. If they don't look at making a profit they go under because unlike SAA etc. there is no-one to bail them out. Remember profits are taxed and taxes (sans corruption) help the poor

      andrez.kolesky - 2012-11-01 21:05

      @itse. I think Shanduka Group or Mr Ramaphosa would be better qualified to answer your question. I'm posting this link just for you: http://allafrica.com/stories/201210301266.html

      rohann.geldenhuys - 2012-11-01 23:11

      Haha. Chances are that some of YOUR pension is also invested in Lonmin. Now tell me, how do you feel about it?

  • strikeback.strikeback - 2012-11-01 20:04

    The "well deserved victory" turned out to be the well warned about consequences of the violent strike action. And yes capital can demonstrate an "ingrained cruelty" but also tend to get used up of not spend wisely. A wage burdon that exceeds affordability tends to create the need for retrenchment. www.strikeback.co.za

  • andrez.kolesky - 2012-11-01 20:11

    You "cooked your own goose".

  • clayton.scott.980 - 2012-11-01 20:13

    Really shocked?? It doesn't take a genius to realise that this was inevitable. Management has a company to run and has to protect all stakeholders, the incompetence of ground level employees demands from the last strike nearly brought the company to closure. Restructuring was only a matter of time? Now come the I told you so's...

  • nicholas.mfanawakhe - 2012-11-01 20:13

    Don't blame them if they start illegal mining after retrenchment, think think!! don't support this retrenchment bcoz crime rate will increase. Stop retrenchment 4 da sake of our safety plz plz.

      raymond.buis.3 - 2012-11-01 20:45

      Maybe you should have been saying stop the strike, seeing as the strikes are the reason for the retrenchments .

      arthurenlouise.tarr - 2012-11-07 09:56

      Let them dig their own holes.

  • karel.dutoit.50 - 2012-11-01 20:42

    Hahahaha What now? Your plans to intimidate minebosses by striking and causing financial harm to the mines and to make mines ungovernable backfired a little. ag shame

      coenraad.vanderwesthuizen.3 - 2012-11-02 10:34

      Does "we told you so" ring a bell, jeffrey.baloyi?

  • Gert van Coller - 2012-11-01 20:45

    cause and effect

  • Malose-Nyatlo - 2012-11-01 20:48

    Even toddlers knew the lonmin settlement was unsustainable and that it would be followed by massive retrenchments bar for the ancyl. The ancyl is perhaps the only youth formation in the world that does not give a damn about acquiring an education - instead they are steeped in politics far beyond their scope. When they start putting their idle minds to good use, they will then be able to take informed decisions about the welfare of their countrymen. Those who WILL lose out can only chant slogans Malema taught them as they start a looking for a new job.

  • ruanpretorius1980 - 2012-11-01 20:50

    Now, I know the ANCYL doesn't want to hear any imperialist or colonial tales, but yonder in Europe there was a yarn about the golden goose and the eggs it laid. Except that once the greedy people killed the goose there were no more golden eggs for them to sell and make a living of it. Chaps, this is a classic case of \killing the goose that laid the golden eggs.\

  • Esthel Sorton Kennedy-Good - 2012-11-01 20:58

    Lonmin shareholders may have to inject another USD800m to avert funding issues which were caused mainly by lost production during the strike. Unfortunately when running a business you cannot keep committing capital without earning a return - hence employee reductions. This USD800m won't necessarily come from some large foreign investor but from the pension funds of ordinary South Africans.

  • eugene.legrange.5 - 2012-11-01 21:14

    ANCYL - Lonmin is called a business, a business is in business to make money. Lonmin did not shoot the miners, the police did. Lonmin must go on and make money, it is called economics. Lonmin lost a lot of potential revenue because of the strikes. Income versus expenditure. Maybe you should crawl back under the rock you came from to attempt to preserve any shred of humanity and integrity you may still have left, which equals none in any case.

  • corlieels.mynhardt - 2012-11-01 21:14

    They've made the bed.....now they don't like sleeping in it! If you've put the lice between the sheets, expect it's gonna bite you!

  • sam.ntshangase - 2012-11-01 21:33

    Reap what you sow,Malema was your darling ,where is he, you saw cosatu as your enemy,get rid of all these vagabonds, employ needy people

  • Raymon - 2012-11-01 21:33

    LOFLMAO. ... You reap what you sow! Hahaha... Maybey the retrenced strikers can go stay with their hero Malema. I hear e has a nice Big house... Hahaha...

  • kseyffert - 2012-11-01 21:42

    What can I say? More proof of their lack of education! They have been handed a bill from the unions to pay wages far in excess of what their budget allows and you expect them not to take any action. Clearly you have no education and no intelligence to realize that you need it in the first place. They have to balance their books you moron! They go out of business and everyone loses their jobs if they don't. Cause and effect... This is the effect caused by the riots...

  • msindisi.dube - 2012-11-01 21:43

    thiz iz another clear indication that mine ownerz a fat cats greedy individuals whu wil stop @nothin 2 continue gettin exorbiant profit @the expence of the mine workerz

      rohann.geldenhuys - 2012-11-01 23:17

      Well well well... Since all mine bosses are greedy and you are not, why don't YOU employ these people.

      jonathanlee.oosthuizen - 2012-11-02 02:12

      There is only one fat cat and that's your leader JM.. And the ANC is not only making the miners poor they making you poor as well bra...and everybody else.

  • Montagnes.Bleues - 2012-11-01 22:44

    For every force exerted there is an equal and opposite reaction.

  • Erna - 2012-11-01 23:14

    They were warned that this might happen, but no, juliboy and his cohorts even encouraged the miners to carry on striking.

      jeffrey.baloyi1 - 2012-11-02 08:28

      Erna i hope dis is nothing 2u,bcos r de blacks going to lose jobs. Let me ask u hw much do u pay 4 yo medical scheme,yo education/children, grocery n accomodation will u b ok with R4000? Try 2 think.so i agree with Rhulani on her/his comment

  • pjbadenhorst - 2012-11-02 05:24

    Everyone saw that comming except for the ANCYL. Next time the manual labourers should lend their ears to someone else and not some arm chair revolutionary whose entire plan revolves around tearing everything down.

  • douglas.reid.921 - 2012-11-02 06:37

    WHAT HAS ANCYL DONE FOR THE YOUTH??????

  • Asdiedamwalbars - 2012-11-02 07:07

    If those miners loose their Jobs..they can for sure Blame the ANCYL..as well as Malema..not the mine. If the ANCYL known just a little bit of how business and the economy work, they should have known their bad propaganda and influence will let to more unemployment and make the poor even poorer, The economy of the whole country will suffer on the end. Anarchy is not a way forward...more like running on a fast lane ..but backwards.

  • Aslangod - 2012-11-02 08:29

    The ANCYL come across as being very foolish. But they score double on this one. They score on fuelling the strikes and having unreasonably large increases agreed to. Now they score on fuelling the unrest with the resulting job losses. Just by my taking time to post this and you taking time to read this post adds to their victory.

  • simon.stamp.98 - 2012-11-02 08:44

    They wanted to force the mines on their knees, they are on their knees now. Now you must accept the consequenses and explain what happened to the workers.

  • markus.ippy - 2012-11-02 09:32

    I find it amazing how people expect sympathy for this . I have no problem about the fact that people strike and I also believe salaries in SA are too low to live . But do not expect to have sympathy if you come armed to a strike ... ( I do not condone the police reaction )

  • stefans.mkhawane - 2012-11-02 09:49

    Thats Economics 101 which the ANCYL does not seem to understand. The mining industry especially gold and platinum have cost structure coupled with exchange rate exposure. The platinum market is volatile hence the fluctuating price, this then means that the companies are not making profit possibly not reaching the break-even point (cannot cover costs). The increase in wage bill makes the situation worse and therefore unsustainable. Retrenchment were therefore expected, it was just a matter of when.

  • maureen.churchill.9 - 2012-11-02 09:53

    Squarely on malema's shoulders, he started it, thought he was mr wonderful, hope the miners seek him out

      naas.scholtz - 2012-11-20 08:30

      Agreed!

  • gareth.deyzel - 2012-11-02 10:06

    Bunch of idiots!what did they expect!unsustainable pay hike equals retrenchment.

  • marcanthonytaylor - 2012-11-02 10:38

    For every action there is an equal and opposite reaction. If the ANCYL and its members focused more on education, they would learn this in science.

  • phillip.joubert.56 - 2012-11-02 11:17

    Malema we warned you and jour evil hunter\r\n(ANCYL) IT will come down to this but your EARS are to small to listern! Strike again will just put more of your kind out of jobs!!!! MORE MONEY LESS JOBS !!!! ASK the CHINA's to help let them buy the St Helana mines in Welkom then you can fight the Zama Zamas (ZZYL)

  • mathamso - 2012-11-02 20:09

    ANCYL let me educate you, make sure the juice is worth the squeeze.. an unplanned increase in certain areas is bound to lead to an unplanned decrease in certain items... thats the law of nature!!!! learn to repsect the policies

  • ktheron2 - 2012-11-13 16:24

    I am amazed that anyone could be surprised about these events. Some people are going to have a very bad Christmas....not so the idiots who are behind this for their own political agenda. But then, this is the pathetic way of Africa.

  • naas.scholtz - 2012-11-20 08:28

    So it is OK to kill the goose that lays the golden eggs, as long as it keeps on producing golden eggs? Pity so few people understand the complexity of mining, but these ignorant guys have the audacity to tell mining groups how to operate, how much to pay etc. I just wish those aggressive workers will turn on their instigators and not on those put there to protect them or to feed and clothe them! But I suppose that is just an impossible dream?

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