GO
Loading...

AngloGold Ashanti says strikes could lead to downsizing

Monday, 1 Oct 2012 | 8:15 AM ET

JOHANNESBURG, Oct 1 (Reuters) - World No. 3 bullion producer AngloGold Ashanti on Monday cautioned that a prolonged strike could lead to the early downsizing of its South African operations.

Some 35,000 employees, including contractors, at AngloGold's South African mines have been on an illegal strike since September 25.

"Clearly for South Africa's gold sector, as for many others, there is a very clear trade-off between investing in the sustainability of our business and employment," chief executive Mark Cutifani said in a statement.

(Reporting by Sherilee Lakmidas; Editing by Jon Herskovitz)

((sherilee.lakmidas@thomsonreuters.com)(+27 11 775 3158)(Reuters Messaging: sherilee.lakmidas.thomsonreuters.com@reuters.net))

Keywords: SAFRICA MINES/ANGLOGOLD

  Price   Change %Change
ANG
---