• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home News Social 201406

Anglogold Retrenched Workers Given Investment Options

29-Jun-2014
/ Social, News
Email
Print
Comments 0
(0)
Comments
Share on Facebook Share on Twitter
 

Anglogold Ashanti (AGA), Ghana, with guidance and endorsement from the Ghana Mines Workers� Union, has given a lifeline to more than 800 workers it has retrenched by organising a special investment fair at which the workers were provided with financially secure and safe advice from experts.

The objective of the fair was to impart knowledge on how to manage their finances so �they do not become destitute.�

Over a dozen investment institutions and recruitment agencies, were on hand to recommend plans for efficient management of the worker�s monetary packages.

A total of 845 retrenched workers and a large number of people mainly from the Obuasi community thronged the fair ground to listen to the talk on investment.

The Secretary of the Ghana Mines Workers� Union of the Anglogold Ashanti branch in Obuasi, Mr Nicholas Yeboah, on behalf of the Professional and Management Staff Association of AGA, commended the mining firm for showing concern about the future of the retrenched workers.

�The campaign to create investment awareness is very necessary so that our members who are now retrenched will not become destitute after their working life at AGA. We want them to live happily and secure as we say in the mining industry: the old miner never dies,� he said.

Anglogold Ashanti Ghana embarked on a major retrenchment exercise early this year to downsize its work force as it shuts down its old mine site to relocate to the Sanso site also in Obuasi.

The company is expected to spend about $220 million in settlement packages that is still under negotiations between management, the local union and representatives of the Ghana Mines Workers� Union.

The company will within two years, however, re-employ a small set of highly skilled workers in line with a redesign plan of the mine.

The action to close down the old mine follows rising cost of production, high under-performance of the workers and unstable world market prices.

Source: Daily Graphic

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

Maternity Protection Essential For Working Women

Next Post

Having Twins? 11 Tips For A Healthy Pregnancy

 
 

More Stories

Stop Killing Sea Turtles For Food, They Are Critical To Our Fisheries – EJF To Fishing Communities
Pregnancy Hypertensive Disorder Shatters Hopes
How To Avoid Jealousy In Marriage...
World Military Spending Surpasses $2 Trillion...
Court Rules $730K Gift Girl Received From Her Boyfriend Can Be Confiscated
Mass Electricity Meter Theft Hits Amakom As Residents Live In Total Darkness
Climate And Sustinable Energy Transitions Advocate Charges CSOs And NGOs In The Climate Space To Ensure Inclusion In Climate Education To Increase Impact
'Rains To Continue During The Day' - GMA Issues Weather Warning Alert
Artificial Intelligence—A Blessing Or A Curse?
Next Post

Having Twins? 11 Tips For A Healthy Pregnancy

  Local News

  • General News
  • Social
  • Health
  • Education
  • Religion
  • Technology
  • Crime & Justice
  • Travel/Tourism
  • Science/Environment


 
 

 

Other Social Stories

  • Stop Killing Sea Turtles For Food, They Are Critical To Our Fisheries – EJF To Fishing Communities

  • Pregnancy Hypertensive Disorder Shatters Hopes

  • How To Avoid Jealousy In Marriage...

  • World Military Spending Surpasses $2 Trillion...

  • Court Rules $730K Gift Girl Received From Her Boyfriend Can Be Confiscated

  • Mass Electricity Meter Theft Hits Amakom As Residents Live In Total Darkness

  • Climate And Sustinable Energy Transitions Advocate Charges CSOs And NGOs In The Climate Space To Ensure Inclusion In Climate Education To Increase Impact

  • 'Rains To Continue During The Day' - GMA Issues Weather Warning Alert

  • Artificial Intelligence—A Blessing Or A Curse?

  • Manhyia Besstel Foundation Organises The Manhyia Besstel Mental Health Project Conference In Kumasi

 

 
 

Popular Videos

MIDDAY NEWS 24/05/23

MIDDAY NEWS 25/05/23

Ade Akye Abia With Kwame Nkrumah Tikese On Okay 101.7 Fm (24/05/2023)

LATE NEWS DISCUSSION 24/05/23

ADEKYE NSROMA: ENDING OBSTETRIC FISTULA BY 2030 24/05/23

Ade Akye Abia With Kwame Nkrumah Tikese On Okay 101.7 Fm (24/05/2023)

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media