Over the past few years, various mining companies have retrenched thousands of their employees as they either close some of the old shafts or embark on restructuring processes.economy, facing large-scale retrenchments, the province is faced with tough challenges. Over the past few years, various mining companies have retrenched thousands of their employees as they either close some of the old shafts or embark on restructuring processes.
“The problem with job-losses and retrenchments is that workers are not made to be ready with skills so that post life of mining, they could easily be ‘absorbable’ to other industries that the company would have contributed to.” “The companies themselves, I mean, it’s not in their interest to lose people that they’ve trained. When that sort of decision happens, it’s sad. The importance is that the footprint of the mining companies in this area will hopefully stimulate enough or other economic activities, which may last longer than the mine itself because we all know mine starts and the mine ends. It dies and then you often have ghost towns.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
North West mines urged to develop local businesses - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.North West mining companies are urged to help develop and grow local businesses. 25 years later. Mxxxxx Like which mine? government must monitor those mines that they invest back to the communities
Source: SABC News Online - 🏆 32. / 51 Read more »
West Africa renames CFA franc but keeps it pegged to euro - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.West Africa’s monetary union has agreed with France to rename its CFA franc the Eco and cut some of the financial links with Paris that have underpinned the region’s common currency since its creation soon World War Two. oshame african countries they can not do enything without western so weak continent.
Source: SABC News Online - 🏆 32. / 51 Read more »
North Korean's Kim holds military meeting as tension rises under looming deadline - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.North Korean leader Kim Jong Un held a meeting of top military officials to discuss boosting the country’s military capability, state news agency reported on Sunday... My President Kim Jon Un is a Firecracker or a Nutcracker 💭 time will tell ...
Source: SABC News Online - 🏆 32. / 51 Read more »