DRD - DRDGold - Update On Consultation By East Rand Proprietary Mines Limited
DRD
DRDD
DRD - DRDGold - Update On Consultation By East Rand Proprietary Mines Limited
With Recognised Trade Unions
DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
JSE share code: DRD
ISIN: ZAE000058723
Issuer code: DUSM
Nasdaq trading symbol: DROO
("DRDGOLD" or "the company")
UPDATE ON CONSULTATION BY EAST RAND PROPRIETARY MINES LIMITED WITH RECOGNISED
TRADE UNIONS
Further to the SENS announcement released on 25 April 2008 regarding East Rand
Proprietary Mines Limited ("ERPM") giving notice to initiate consultations with
recognised trade unions in terms of Sections 189 and 189A of the Labour
Relations Act, DRDGOLD is pleased to announce that a written retrenchment
agreement was concluded with organised labour on Friday, 4 July 2008. In terms
of the agreement, voluntary retrenchment applications will be open for
acceptance until Friday, 11 July 2008, following which ERPM will identify and
retrench up to 270 employees in terms of agreed selection criteria.
The above retrenchment process forms part of DRDGOLD`s commitment to improving
operating efficiencies at the ERPM mine.
Randburg
8 July 2008
Sponsor
QuestCo Sponsors (Pty) Limited
Date: 08/07/2008 11:00:01 Produced by the JSE SENS Department.
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