Minerals Minister Ngoako Ramatlhodi is meeting stakeholders in the mining industry with the hope of keeping job losses in the industry to a minimum.
The minister revoked Glencore’s Optimum Colliery mining license, citing retrenchments were "inhumanely conducted”.
The company is in business rescue stage due to an uneconomic contract with Eskom.
The Money Show’s Bruce Whitfield interviewed Vic van Vuuren, Director of the International Labour Organisation in Pretoria.
Scroll down to listen to the audio.
It’ll be ground-breaking for South Africa if the mines can find an alternative to retrenchments.— Vic van Vuuren
If unions insist on above-inflation increases there will be job losses.— Vic van Vuuren
If we push for productivity; what’s the spinoff for workers? If productivity improves, will employers be brave and put a moratorium on layoffs?— Vic van Vuuren
I’m encouraged by the fact that stakeholders are talking.— Vic van Vuuren