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Goldfields Ghana to lay off 1,700 workers

Written by  Dec 12, 2017
      About 1,700 workers with Goldfields Ghana, a mining firm are going to be laid-off as part of the company’s change in its mining model at the mine from owner mining operations to contractor operations, because it will operate at a loss if it goes on with its previous model.     The exercise is expected to affect most of its miners at the Tarkwa mine.   Effective December, 2017, the affected workers would be asked to go home.     Vice President and Head of Corporate Affairs Mr. David Johnson in confirmation to the story said  ”We are changing our business model from an owner binder to the contract binder, previously Goldfields acquired and maintained the mining fleets. Now what we are doing right now in 2017, our mining fleet has changed and will need to be replaced now looking at the types of mines that we have which is five to six years of active mining, if we were to pump that money into fleet replacement we will not actually be able to recruit that money back because we are talking of a huge capital investment here. So now we have to look at our options. You have a contracted miner on the side who has fleets already and that are new and can be more efficient so that has actually influenced decision, the fact that we have an engine mining fleet and also a relatively limited life supply”.   He added: ”Our mining department and our HME which is the Heavy Mining Equipment provides that we maintain our fleet, those aspects of our business are being given to our contractors and so the workers who work in these various departments, most of them would be retrenched,” he said.   However adds that majority of the workers that will be laid off will be reemployed by the contractor who will take over mining activities of the mine.        
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