Capitalist are loyal to no country but to the bottomline the profits and their accumulation. Who knows which mine is laying workers off next and how many? This has a rippling effect as it will affect people and families beyond the mining sector. Is the top management and shareholders making cuts in their own incomes and balance sheets? T. Ngcozela
-----Original Message----- From: VC Sent: 15/01/2013, 18:52 To: [email protected] Subject: [YCLSA Discussion] Minister Shabangu - rebukes Amplats about possible retrenchments Business Day *Minister rebukes Amplats about possible retrenchments*** *Amanda Visser, Business Day, Johannesburg, 15 January 2013* MINERAL Resources Minister Susan Shabangu launched a scathing attack against Anglo American Platinum (Amplats), accusing the mine of undermining the department by taking decisions without proper consultation. Amplats announced on Tuesday morning that it was putting four shafts at its Rustenburg complex into care and maintenance, and that it had earmarked its Union mine for sale, which affects the employment of at least 14,000 people. Ms Shabangu said the department was not consulted at all by the company about its plans. "We regard this (decision) as unilateral, but also the company disrespects the regulator in the way that it has made its own decision. It has come up with its own plan, finalised the plan and told us of its decision ... (which) has major implications for our country." She said the department would investigate the manner in which the company had been mining. She said it was public knowledge that there had been an oversupply of platinum. "Then you ask yourself, what was its (Amplats') business plan if today it had to lay off 14,000 people. I do not believe that what happened at Marikana could have lead to this situation. It is quite clear ... the company's business plan was not properly aligned," she told a press briefing, delayed by more than an hour, in Pretoria. "Anglo has disappointed this country by contributing to the unemployment of this country, but also by not being the best businesspeople in this country who are able to mine and do business in a sustainable manner," she said. She said the company had undermined the spirit of the Mining Industry Growth Development and Employment Task Team, set up in December 2008, with industry stakeholders committing to help the industry manage the effects of the global economic crisis. *From: http://www.bdlive.co.za/business/mining/2013/01/15/minister-rebukes-amplats-about-possible-retrenchments** *** -- _*Communist University*_*:* _CU Downloads_: _*sites.google.com/site/cu2012courses/* <https://sites.google.com/site/cu2012courses/>_ _E-mail forums_: _*CU* <https://groups.google.com/group/communist-university>_; _*YCLSA* <https://groups.google.com/group/yclsa-eom-forum>_; _*CU-Africa* <https://groups.google.com/group/CUAfrica>_; _*SADTU* <https://groups.google.com/group/sadtu-political-education-forum>_ _Blog_s: _*CU* <http://domza.blogspot.com/>_; _*YCLSA* <http://wftu-yclsa-cu-jhb.blogspot.com/>_; _*CU-Africa* <http://cuafrica.blogspot.com/>_; _*SADTU* <http://sadtu-pol-ed.blogspot.com/>_ _Moderator_: _*[email protected]* <mailto:[email protected]>_ -- You are subscribed. This footer can help you. Please POST your comments to [email protected] or reply to this message. You can visit the group WEB SITE at http://groups.google.com/group/yclsa-eom-forum for different delivery options, pages, files and membership. To UNSUBSCRIBE, please email [email protected] . You don't have to put anything in the "Subject:" field. You don't have to put anything in the message part. All you have to do is to send an e-mail to this address (repeat): [email protected] . -- You are subscribed. This footer can help you. Please POST your comments to [email protected] or reply to this message. You can visit the group WEB SITE at http://groups.google.com/group/yclsa-eom-forum for different delivery options, pages, files and membership. To UNSUBSCRIBE, please email [email protected] . You don't have to put anything in the "Subject:" field. You don't have to put anything in the message part. All you have to do is to send an e-mail to this address (repeat): [email protected] .
