World Briefing | Africa: South Africa: Power Crisis Puts Jobs at Risk
The economic fallout from South Africa s electricity crisis continued to reverberate as Gold Fields, the second largest gold producer, announced that it might cut up to 6,900 jobs, 13 percent of its work force, because of a 10 percent power reduction by the state utility, Eskom. It said its production would decline by 20 to 25 percent this quarter because of the power cuts. The National Union of Mineworkers, which represents 320,000 workers, said its members would take to the streets if there were major job cuts.
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February 27th, 2008 at 4:46 am
[…] World Briefing | Africa: South Africa: Power Crisis Puts Jobs at Risk The economic fallout from South Africa s electricity crisis continued to reverberate as Gold Fields, the second largest gold producer, announced that it might cut up to 6,900 jobs, 13 percent of its work force, because of a 10 percent power reduction by the state utility, Eskom. It said its production would decline […] […]