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News – South Africa: Jobs to be lost at Uranium One – Union

Jobs to be lost at Uranium One – Union
Canadian-based uranium producing company Uranium One will retrench over 1 000 employees, trade union Solidarity said on Tuesday.

“Solidarity has received an Article 189 notice from Uranium One whereby the group gives notice that the retrenchment process for 1 013 of its 1 175 employees at its Dominion uranium mine outside Klerksdorp will begin”.

Solidarity said that the mine would now be placed on care and maintenance………………The price of uranium dropped considerably in the 11 months between December 2007 and October this year………………Meanwhile the mine had also indicated that it would only pay out the minimum severance pay, of one week’s pay for every year’s service, to employees, Solidarity said.

Efforts to reach Uranium One were unsuccessful. – Sapa

News – South Africa: Jobs to be lost at Uranium One – Union

November 12, 2008 - Posted by Christina Macpherson | Uncategorized