Assmang, a subsidiary of diversified mining house African Rainbow Minerals, plans to retrench 20 percent of the workers at its Black Rock mine, the Solidarity union said yesterday.
Two hundred and sixty-one workers at the ferromanganese operation would be affected by the layoffs. "The group blames the planned retrenchments on the effect of the sudden economic downturn, unstable market conditions, a decrease in demand for their product as well as the strengthening of the rand," the union said.
Sources: Business Report, South Africa/Reuters
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