DRD - DRDGold - ERPM Section 189A Consultation Process Concludes
DRD
DRDD
DRD - DRDGold - ERPM Section 189A Consultation Process Concludes
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")
ERPM Section 189A consultation process concludes
Consultations in terms of Section 189A of the Labour Relations Act regarding
the future of employees affected by the placing on care and maintenance of
the underground operations of the Boksburg-based ERPM mine of DRDGOLD South
African Operations (Pty) Limited ("DRDGOLD SA" or "the company") have been
concluded.
Of the 1 700 affected employees:
- 109 accepted the company`s voluntary retrenchment offer;
- 101 have been transferred to DRDGOLD SA`s Blyvooruitzicht mine and five to
the ERGO Joint Venture with the Mintails group;
- 150 have been retained at the ERPM mine to provide care and maintenance
services; and
- the remaining 1 335 will be retrenched.
Each employee will be paid a severance package calculated in terms of a
formula that has been agreed with organized labour.
The company is working closely with employee representative organisations to
identify and implement re-skilling programmes. The company has also engaged
other mining companies who expressed an interest in recruiting employees
and, to that end, has established lines of communication between them and
employee representatives.
Randburg
20 January 2009
Sponsor
QuestCo Sponsors (Pty) Limited
Date: 20/01/2009 17:21:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
