SOUTH AFRICAN MINERS DEMAND STOP TO RETRENCHMENTS BY ANGLOGOLD

JOHANNESBURG, Members of the National Union of Mineworkers (NUM) marched to the headquarters of Anglogold Ashanti in Johannesburg Sunday to demand that the company cancel its plan to retrench 8,500 workers.

Anglogold Ashanti chief executive officer Srinivasan Venkatakrishnan was on hand to receive the memorandum of demands.

The NUM members were small in number, but big on morale as they marched for their jobs to be saved. They were met by the company's top brass, who accepted their memorandum of demands.

The NUM and umbrella labour federation the Congress of South African Trade Unions (COSATU) want the government to convene a Jobs Summit to come up with ways to preserve jobs in all sectors of the economy.

The company announced in June that it had started a process of consultations with employees to retrench 8,500 workers at its South African operations, which employ a total of about 28,000 people, including contractors.

Source: NAM NEWS NETWORK