Harmony Gold Mining Co. Ltd. - Harmony Restructures To Unlock Its People`s
Potential
Harmony Gold Mining Co. Ltd
NEWS RELEASE
HARMONY RESTRUCTURES TO UNLOCK ITS PEOPLE`S POTENTIAL
Johannesburg, 2 October 2002 - Today Harmony and the United
Association of South Africa, (UASA), signed a groundbreaking agreement which in
effect redefines the traditional Shiftboss /
Supervisor role to that of a coach - aimed at creating an environment of safe
production for the blasting crew.
In essence this means the following:-
- Role Change for Shiftbosses
The coach role is no longer a line function. This gives real meaning to the Mine
Safety legislation`s original intention of making the job of the Shiftboss/coach
that of safety only.
- Remuneration Change
The coach will no longer be incentivised with a production-related bonus. This
resolves the traditional dilemma of bonuses pulling production at the expense of
safety.
- Hours of Working
In terms of the agreement, the entire 8-hour working shift will
be spent underground with the team, as opposed to the industry norm of only
four hours.
- Impact on Mine Overseer
By making the Mine Overseer the direct line supervisor of the blasting crews,
his technical expertise will now be directly available to the crew.
This means that the mining crew, each with a blasting license, is now empowered
to make a real impact on safety.
Chief Executive Officer of UASA Koos Bezuidenhout said: "This is the biggest
change in organisational structure that the mining industry has seen in the last
80 years. It goes to the heart of re-aligning the power structure within
Harmony. As UASA, we commit ourselves to working together with Harmony to make
this a success."
This new structure will also enhance career development for previously
disadvantaged individuals.
"Harmony has excellent organic growth opportunities. Not only are we likely to
spend billions of rands on new capital growth projects, but this step reflects a
huge investment in unlocking the potential of our most valuable assets - our
people," commented Bernard Swanepoel, chief executive of Harmony.
Ends
Issued by Harmony Gold Mining Company Limited
For more details contact:
Bernard Swanepoel
on +27(0)83 303 9922
or
Abr van Vuuren
on +27(0)83 450 5587
Investor Relations
Corn Bobbert
Tel +27 11 684 0146
Fax +27 11 684 0188 Mobile +27(0)83 380 6614
E-mail: cbobbert@harmony.co.za
Web site:
www.harmony.co.za
ISIN No.: ZAE000015228
JSE: HAR
NASDAQ: HGMCY
Date: 02/10/2002 08:45:03 AM Produced by the JSE SENS Department
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