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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Pechala's Reports
Provider: Reuters Investment Profile

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Gold Fields Ltd Responds To Illegal Strikes At Ghanaian Operations

Wednesday, 3 Apr 2013 07:19am EDT 

Gold Fields Ltd announced that employees at Tarkwa and Damang mines in Ghana, in which it has a 90% interest, have, at approximately 11.00 am (Ghana time), embarked on illegal industrial action which has led to production at both mines being stopped. This follows after the Ghana Mineworkers Union (GMU) and affiliates, the Professional Managerial Staff Union and the Branch Union, on April 2, 2013, presented management at both mines with a number of demands, and threatened industrial action should the Company not respond favourably to the demands within 24 hours. Gold Fields is analyzing and investigating the demands as a matter of urgency. The Company holds the view that the industrial action is illegal and unprotected. This could expose participating workers to the no-work, no-pay rule as well as possible dismissal. 

Company Quote

0.27 +6.51%
21 Nov 2014