On 10 May 05, the Competition Tribunal ruled that the number of employees Harmony may retrench at the merged entity as a result of the merger has been reduced from 1500 to 1000. In addition, the Tribunal also included `contract workers` in its definition of employees. These conditions are effective from the date of the Tribunal order, for a period of 24 months. In addition to the ruling on 10 May 05 by the Competition Tribunal, the Competition Appeal Court (CAC) dismissed Harmony`s application for leave to appeal against the judgement granted by the CAC on the 26th November 2004, with costs. The CAC`s interdict of Harmony voting any of its shares in Gold Fields until final determination by the competition authorities of the merger application therefore stands and Harmony may not vote such shares as it may have acquired in Gold Fields until the CAC has finally determined Gold Fields` appeal.
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