News:
December 12, 2017
The Mine Workers Union had petition Parliament to intervene in Goldfields Ghana Limited’s planned retrenchment that could affect as many as 1,700 workers.
General Secretary, Prince William Ankrah, led some 50 members of the Union to the forecourt of Parliament to present a petition.
He noted that the petition was to drum home the point that the layoff would have a serious impact in mining communities.
And could put MPs under pressure from families suffering from the retrenchment which is expected to start before Christmas.
Goldfields wants to cut its losses at its Tarkwa mines in the Western region because it claims the mine has a remaining lifespan of not more than six years.
If it maintains its 2,500 workers, it could run at a loss considering the returns it could get from the depleted mine.
Goldfields Ghana’s Vice President and Head of Corporate Affairs, David Johnson, has said it has, therefore, changed its business model.
Instead of getting a new mining fleet at a high cost, it has engaged a contractor who already has a mining fleet to mine the Tarkwa concession.
The company, therefore, saves money because it doesn’t have to make multi-million dollar investments in a mine that it does not expect to last long.
Goldfields has not been comfortable with the word retrenchment. Its management has explained, the workers to be relieved will be absorbed by the new contractor.
But the Mine Workers Union has described the planned layoffs as a “ruthless business option”
By: Kwaku Sakyi-Danso/ghanamps.com