Harmony to slash more than 3 000 jobs - NUM | Fin24
 
  • Load Shedding

    Find the latest load shedding schedules for Joburg, Durban, Cape Town, and other cities.

  • Peter Moyo

    The former Old Mutual CEO says he wants its directors jailed for six months without option of a fine.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.

Loading...

Harmony to slash more than 3 000 jobs - NUM

May 29 2015 20:00
Ed Stoddard
 job cuts.

(Shutterstock)

Company Data

HARMONY GOLD MINING COMPANY LIMITED [JSE:HAR]

Last traded 46
Change 1
% Change 3
Cumulative volume 1416377
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Restructuring pays off for Harmony

Harmony finds copper-gold deposits in PNG project

Harmony Gold haunted by Kusasalethu curse

Harmony focuses on long term value

Harmony second-quarter output down 10%

Fatal accident at Harmony Gold mine

 

Johannesburg - Gold producer Harmony Gold [JSE:HAR] is in talks with unions to cut more than 3 000 jobs at its Doornkop mine, the National Union of Mineworkers (NUM) said on Friday.

Officials at Harmony could not be reached for comment.

Doornkop has been struggling to ramp up output since an underground fire last year killed nine people.

NUM spokesperson Livhuwani Mammburuu said the company had indicated it planned to put the mine on "care and maintenance," which effectively means closing it.

He said Harmony had issued what is known as a "Section 189 notice" on May 19, a legal requirement that means it will consult with unions, the government and other stakeholders for up to 90 days about the process.

"They want to lay off 3 040 workers there. The reasons given are that the mine has been making losses over the past several quarters," Mammburuu said.

According to Harmony's web site, the mine employs over 3 500 workers including contractors.

"NUM members are saying that Harmony must give back the license so it can be put on market for potential buyers," he said, referring to the company's permit to operate the mine.

num  |  harmony gold  |  job cuts  |  mining
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
82 comments
Comments have been closed for this article.
 

Company Snapshot

#MINIBUDGET2019

Struggling power utility Eskom will take centre stage at this year's mini budget
 

Money Clinic

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

Voting Booth

What do you think about private healthcare in SA?

Previous results · Suggest a vote

Loading...