An additional R737-million will be made available to the Sinako Consortium. Together the parties will represent an 11% empowerment component in Lafarge.
“The employer cannot force a unilateral model on its employees with an attitude of “this is the Esop, take it or leave it,” said Solidarity mining spokesperson Reint Dykema.
Lafarge workers can belong to one of two trusts. For the 1 481 HDSA workers there is the Siyahluma Trust to the value of R275-million. The remaining 550 workers will form part of the Lafarge Employees Share Ownership Trust, with a value of R90-million.
“Lafarge is erring by attempting to use the Esop as bait to obtain and retain the services of black managers. Lafarge has overlooked the fact that its BEE deal still has to be approved by the Department of Minerals and Energy and the Competition Commission. This will not be easy without the support or organised labour,” Dykema said.
Solidarity has in the past been involved in Esops that were created by organised labour at AngloGold Ashanti, Kumba and De Beers. Consultations are at the moment taking place with Gold Fields, Anglo Platinum and Anglo Coal.