AshantiGold readies to retrench 8500 workers
Africa's biggest gold miner AngloGold Ashanti is planning to retrench 8500 mine workers as part of its restructuring its South African business. The company which employs 28 000 people, says the retrenchment is part of the restructuring of the company's production and cost base in its South African business. Economics analyst Nerina Visser says, “This is much more about the age of our gold mines and the escalating costs of […]
