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    AngloGold threatens 'down-sizing' if strike continues

    Top gold producer AngloGold Ashanti warned on Monday that further strikes at its South African mines may result in "premature downsizing," raising the stakes in a high profile stand-off with workers.

    After more than a week of illegal strikes over pay, AngloGold's chief executive Mark Cutifani indicated the company's patience was wearing thin.

    "Clearly for South Africa's gold sector, as for many others, there is a very clear trade-off between investing in the sustainability of our business and employment," he said in a statement.

    "If the current unprotected strike continues, it compounds risks of a premature downsizing of AngloGold Ashanti's South African operations," he added

    The gold giant's South Africa operations employ around 35,000 people, including contractors.

    Source: AFP via I-Net Bridge

    Source: I-Net Bridge

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