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Anglogold to reinstate dismissed workers

  • SOURCE: | Editor
  • anglogold

    AngloGold Ashanti has hinted to Citi Business News that most of its workers that were laid off in its retrenchment exercise last year are likely to reinstated.

    The move according to AngloGold Ashanti, operators of the Obuasi mine, is part of the company’s partnership with Randgold Resources Limited.Late last year AngloGold Ashanti Ghana laid off some 4,300 of its workers as part of cost-saving measures and part of measures undertaken by the mining company to make the Obuasi mine profitable. AngloGold Ashanti budgeted to spend 220 million dollars in the major retrenchment exercise.

    AngloGold Ashanti currently is in an investment agreement with Randgold Resources Limited aimed at the formation of a joint venture to redevelop and operate AngloGold Ashanti’s Obuasi gold mine in Ghana.

    In an exclusive interview with Citi Business News, Chief Executive Officer of AngloGold Ashanti Srinivasan Venkatakrishnan confirmed that some workers who were laid off will be reengaged but insisted opportunities were available for qualified personally only.

    ‘We have to look at what the feasibility studies and labour plan shows for restarting the line and it will be the case of the best person for the job, at the end of the day you cannot run an operation in Ghana without the participation of the Ghana workforce’

    Source: http://business.citifmonline.com/2015/09/28/anglogold-to-reinstate-dismissed-workers/#sthash.yricj4tW.dpuf

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