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AngloGold Ashanti and Gold Fields Fire 20,000 Striking Workers
Oct. 24, 2012 08:18AM PST
Precious Metals Investing
Bloomberg reported that AngloGold Ashanti and Gold Fields have begun to fire 20,000 striking workers in South Africa who ignored an ultimatum, and did not return to work.
Bloomberg reported that AngloGold Ashanti and Gold Fields have begun to fire 20,000 striking workers in South Africa who ignored an ultimatum, and did not return to work.
As quoted in the market report:
The dismissal process begins” for 12,000 workers as talks continue with their representatives and the company, Alan Fine, an AngloGold (ANG) spokesman, said by phone from Johannesburg after today’s noon deadline for miners to report for work. Gold Fields (GFI), the fourth-largest miner of the metal, fired 8,500 workers at its KDC East mine yesterday and gave them 24 hours to dispute their dismissals.
