Newmont Ghana has cut down from 600 to 472, the number of workers it intended to lay off.<\/p>\n
This follows an agreement between the company and the Ghana Mine Workers Union (GMWU) on Wednesday.<\/p>\n
Newmont early on in the year announced a plan to lay off about 600 of its workers as part of a retrenchment and restructuring exercise.<\/p>\n
The move however received stiff resistance from the mine workers union who demanded justification for the move and threatened to stage demonstrations.<\/p>\n
[contextly_sidebar id=”E2xa5eGFsFOQfIqieQg9gELgPQcUa9Q8″]Newmont referred the matter to the National Labour Commission (NLC) to investigate the issue.<\/p>\n
The NLC after preliminary hearings later directed the two parties to resolve the matter through arbitration.<\/p>\n
Secretary-General of the Mine Workers Union of Ghana, Prince William Ankrah tells Citi Business news \u201cwe put our ears down and got signal from our colleagues there, that the facts are right.\u201d<\/p>\n
Mr. Ankrah also said \u201cthere is a business case to go along with them (the company) to reduce the numbers in the interim while they become efficient in whatever they are doing. Then in the next year or two, they will get money to expand as they have promised. Based on that, they can sign some additional numbers.\u201d<\/p>\n
Citi Business News<\/strong> has gathered that Newmont Ghana will begin laying off the workers by the end of September. This will be in phases and could end in December.<\/p>\n In a joint statement from Newmont Ghana and Ghana Mineworkers Union, the two parties have indicated signing a Memorandum of Understanding (MOU) covering the decisions reached in the agreement. These include:<\/p>\n \u00b7Impacted employees being paid the difference in compensation that may arise from the salary negotiations for the remaining force<\/p>\n \u00b7All outstanding matters currently pending at the National Labour Commission will be discussed and resolved within the context of a revived partnership.<\/p>\n \u201cNewmont Ghana and the GMWU recently informed the National Labour Commission (NLC) of their joint decision to temporarily suspend the arbitration process and find a mutually acceptable outcome,\u201d the statement said.<\/p>\n \u201cTogether we will communicate the MOU to the panel of arbitrators, instituted by the National Labour Commission, for adoption into an arbitral award,\u201d GMWU\u2019s General Secretary – Prince Ankrah and Newmont Ghana\u2019s Pascal Kanbonnabah – Regional Vice President, Human Resources stated.<\/p>\n \u201cWe applaud the negotiating teams of Newmont Ghana and the GMWU for committing to collaboration and positive dialogue that has typically existed between both parties.\u201d<\/p>\n Both parties reiterated their commitment to fostering a mutually beneficial partnership and working together to revitalize the Ahafo Mine and set it on course for long-term sustainability, future growth opportunities and shared value.<\/p>\n \u201cIt is important we arrive at mutually acceptable outcomes in the interest of the long-term sustainability of Newmont Ghana\u2019s operations,\u201d Ankrah and Kanbonnabah added.<\/p>\n <\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Newmont Ghana has cut down from 600 to 472, the number of workers it intended to lay off. This follows an agreement between the company and the Ghana Mine Workers Union (GMWU) on Wednesday. Newmont early on in the year announced a plan to lay off about 600 of its workers as part of a […]<\/p>\n","protected":false},"author":25,"featured_media":2081,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[44,21,4],"yoast_head":"\n