http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 17.04Change: 0.10
R/$ = 14.98Change: -0.06
Au 1276.35 $/ozChange: -1.77
Pt 1061.50 $/ozChange: 7.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters About Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jan 16, 2007

Mittal SA extends freeze on forced retrenchments for 2007

Back
Africa|Business|SECURITY|Africa|Steel|Operations
Africa|Business|SECURITY|Africa|Steel|Operations
africa-company|business|security|africa|steel|operations
Mittal Steel South Africa has reached an agreement with its three main unions to extend a no forced retrenchment agreement by a further year, until December 2007, it said late on Monday.

The agreement between the company and the National Union of Metalworkers of South Africa, Solidarity and the United Association of South Africa was reached in late December.

The agreement was first implemented in 2004 and was extended in February 2005 for a further year until December 2006.

In terms of this agreement, the company will focus on the principles of natural attrition and voluntary separation packages to achieve its labour cost targets. The agreement also provides for restructuring and redeployment of employees to achieve business efficiencies and better optimisation of its employees.

No employees at any of the company's operations will be forcibly retrenched during the period of the agreement.

CEO Rick Reato said that the signing of the agreement, which followed from the one successfully implemented in 2004, established a stable and conducive organisational climate for Mittal Steel South Africa and its employees.

He added that the agreement provided employees with security of employment and eliminated anxiety, which often results in a consequent drop in productivity caused by the uncertainty during forced retrenchments.

“This agreement has, over the last two years, been of benefit to both the company and its employees while still providing those who want to pursue other opportunities an avenue to exit the company voluntarily.”

Edited by: Mariaan Webb
Creamer Media Senior Researcher and Deputy Editor Online

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here
 
Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Steel Construction and Cladding News
CORRODED FASTENER Fasteners and washers with inferior protective coatings may initially save money, but will ultimately create more maintenance costs
The main function of a cladding system is to weatherproof a building for its design working life or a period specified by the owner, says Southern African Metal Cladding and Roofing Association (Samcra) director Dennis White. However, as environments differ, it is...
GLOBAL APPLICATION Vitraclad has been used at Liverpool Central Station
The global market, with knowledge of and a demand for vitreous enamel steel, particularly for use in public areas, is maturing, says custom-made vitreous enamelled steel products manufacturer Vitrex. Vitrex sales and marketing director Cristian Cottino tells...
More
 
 
Latest News
Emira CEO Geoff Jennett
Updated 4 hours ago The JSE-listed Emira Property Fund has invested over R250-million in acquiring new centres and upgrading its shopping centres to strengthen its retail assets, according to Emira CEO Geoff Jennett, who stated on Thursday that the company was investing strategically....
Equites CEO Andrea Taverna-Turisan
Updated 5 hours ago JSE-listed Equites Property Fund achieved an 18.3% year-on-year increase in distributions to 96.6c a share for the year ended February 29. “The distribution growth reflects the strong property fundamentals of the Equites logistics portfolio,” Equites CEO Andrea...
Updated 5 hours ago It takes a coherent company to successfully and sustainably close the gap between strategy and execution in Africa, and one of the key factors in doing so is unconventional leadership, which is needed to foster the behavior required of coherent companies, according...
More
 
 
Recent Research Reports
Energy Roundup – May 2016 (PDF Report)
The May 2016 roundup covers activities across South Africa for April 2016 and includes details of the National Energy Regulator of South Africa’s proposal to introduce a coal benchmark cost as part of its final decision on Eskom’s multiyear price determination...
Automotive 2016: A review of South Africa's automotive sector (PDF Report)
Creamer Media’s Automotive 2016 Report provides an overview of South Africa’s automotive industry over the past 12 months. The report provides insight into local demand and production, vehicle imports and exports, investment and competitiveness in the sector, as well...
Energy Roundup – April 2016 (PDF Report)
The April 2016 roundup covers activities across South Africa for March 2016 and includes details of a North Gauteng High Court Judge’s dismissal of a court application to postpone the 9.4% electricity tariff increase, which the National Energy Regulator of South...
Electricity 2016: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2016 report provides an overview of South Africa’s electricity sector, focusing on State-owned power utility Eskom and independent power producers, electricity planning, transmission, distribution and the theft thereof, besides other issues.
Energy Roundup – March 2016 (PDF Report)
The March 2016 roundup covers activities across South Africa for February 2016 and includes details of the Department of Energy’s plans to announce the preferred bidders for the first tranche of the coal independent power producer procurement programme; the Council...
Steel 2016: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2016 Report examines South Africa’s steel industry over the past 12 months. The report provides insight into the global steel market and and particularly into South South Africa’s steel sector, including production and consumption, main...
 
 
 
 
 
This Week's Magazine
The two spent-fuel pools at Eskom’s 1 800 MW Koeberg nuclear power station, in the Western Cape, will be full by 2018, increasing the urgency on the State-owned utility to begin pursuing alternative storage options. Koeberg has, over the past 32 years, accumulated a...
South Africa lacks the skills necessary to implement the government’s plan to build 9.6 GWe of new nuclear energy capacity, warns nuclear-qualified Quality Strategies International CEO David Crawford. “Apart from the concern about the affordability of the programme,...
DOROS HADJIZENONOS The 700-series devices provide network security monitoring, app control, URL filtering, VPN security, antivirus, antispam, antibot, and advanced intrusion prevention and detection functionality
Cybersecurity multinational Check Point has released its latest 700-series cybersecurity systems for small businesses, which draw on its international threat intelligence to provide up-to-date cybersecurity, says Check Point South Africa country manager Doros...
Daimler Trucks and Buses Southern Africa (DTBSA) saw a marked slip in new-vehicle sales in 2015 compared with 2014, with sales dropping from 5 897 units to 5 300 units. The decline came as the South African new truck and bus market declined from 31 558 units in 2014...
Group of 20 (G-20) economies threatened to penalise havens that don’t share information on their banking clients after the leak of the Panama Papers provoked a global uproar over tax evasion. The G-20 will consider “defensive measures” against financial centers and...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $149 Close
Subscribe Now for $149