(PRESS RELEASE JOHANNESBURG) AngloGold Ashanti has made the difficult decision to begin a consultation process with employees in terms of section 189 and 189A of the Labour Relations Act, with respect to restructuring certain of its South African business units. This follows a review of the options to safely turn around the performance of these loss-making operations.
This consultation with organised labour groups, facilitated by the Council for Conciliation, Mediation and Arbitration (CCMA), will be aimed at safely returning the South African business to profitability, whilst mitigating job losses.
AngloGold Ashanti signalled to stakeholders earlier this year that it would review its South African gold-mining operations in light o…
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