NUM Gives Strike Notice at South Deep Mine
Retrieved on:
Thursday, November 1, 2018
Gold Fields Limited (Gold Fields) (JSE: GFI) (NYSE: GFI) yesterday received a notice by the National Union of Mineworkers (NUM) of its intention to embark on a protected strike at its South Deep operation in South Africa to protest retrenchments at the mine.
Key Points:
- Gold Fields Limited (Gold Fields) (JSE: GFI) (NYSE: GFI) yesterday received a notice by the National Union of Mineworkers (NUM) of its intention to embark on a protected strike at its South Deep operation in South Africa to protest retrenchments at the mine.
- Under South African labour law, the union is required to give 48 hours' notice of its intention to strike.
- Safety of employees is paramount and, if deemed necessary, South Deep would also consider cessation of production for a limited period of time.
- Prior to the commencement of the Section 189 process South Deep employed 3,614 full-time employees and 2,214 contractors.