400 Newmont workers to be sacked

Over 400 workers of mining giant, Newmont Gold Ghana Limited (NGGL) will be dismissed early next year as part of measures to cut down staff strength of the company in view of the persistent falling price of gold on the world market The Complaints Officer of Newmont, Mr. James Oduro Baffour who disclosed this at first session of the first ordinary meeting of the Asutifi North District Assembly at Kenyasi in the Brong Ahafo region, said the move is part of measures to contain the prevailing harsh economic conditions in the country . “There are, however, plans to expand our operations next year after securing the green light from government. We will carry out public hearing with all stakeholders. "As major partners, it is my desire for the assembly members to help with the education and advocacy to solicit views and ideas from residents in our operational area”, he emphasized. He expressed worry over the continuous fall in prices of gold on the world market, coupled with high cost of production stating that it had drastically reduced profit margins culminating in the reduction of his outfit’s investment in social interventions for beneficiary communities. “It is because of this we will be sacking 400 people early next year so that the company is not plunged into huge operational debts”, he stated The District Chief Executive (DCE) Mr. Eric Addae lamented about the increasing cases of theft and agitation by workers of Newmont Ghana Gold Limited (NGGL) over their conditions of service and commended the District Security Committee (DISEC) for always acting swiftly to address their concerns. Earlier in his address, the Presiding Member (PM) of the assembly, Nana Owusu Boadu Ayeboafo encouraged members to share ideas and experiences to enrich the debate in the house and pleaded with the assembly to provide logistics to the personnel in the district to efficiently and effectively execute their mandate.

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