Destructive Engagement

摘要

AngloGold Ashanti's CEO Srinivasan Venkatakrishnan (Venkat) warned last week that yearly discussions around wages would have dire economic consequences for the local gold sector. "That effectively creates a sunset industry for gold mining in South Africa. The dialogue has to change," he stated. In the coming months, AngloGold Ashanti will join the largest employers and producers in South Africa's gold sector in negotiating a new wage agreement with labour unions representing most of the industry's collective workforce.