AngloGold Ashanti threatens ‘downsizing’ if strike continues

2012-10-01 13:32

Top gold producer AngloGold Ashanti has warned that further strikes at its South African mines may result in “premature downsizing,” raising the stakes in a high profile stand-off with workers.

After more than a week of illegal strikes over pay, AngloGold’s Chief Executive Officer Mark Cutifani indicated the company’s patience was wearing thin.

“Clearly for South Africa’s gold sector, as for many others, there is a very clear trade-off between investing in the sustainability of our business and employment,” he said in a statement today.

“If the current unprotected strike continues, it compounds risks of a premature downsizing of AngloGold Ashanti’s South African operations.”

The gold giant’s South Africa operations employ around 35 000 people, including contractors.


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