AngloGold Ashanti may shed 2,000 jobs

The gold mining company says domestic production has been reduced by half over the past year.

Picture: supplied

JOHANNESBURG - AngloGold Ashanti says at least 2,000 jobs at its South African base are on the line as it plans to restructure operations.

The gold mining company says domestic production has been reduced by half over the past year.

It says the restructuring process will affect employees across different categories and levels.

The company's Chris Nthite said: “Our cost of production is currently higher than the gold price. And so to ensure the long-term future of our remaining assets in South Africa and importantly, to protect the bulk of the jobs that they provide, we took this tough but necessary step.”

Meanwhile, the National Union of Mineworkers (NUM) says its concerned by AngloGold Ashanti's announcement that jobs are now on the line.

The NUM's Livhuwani Mammburu said: “It’s a worrying situation because the same company in January last year, they retrenched 849 workers and in June last year they retrenched 8,500 mineworkers.”