HARMONY - HARMONY AND NUM RE-COMMIT TO PREVIOUS AGREEMENT TO RESTRUCTURE Release Date: 06/10/2004 14:50:00 Code(s): HAR HARMONY - HARMONY AND NUM RE-COMMIT TO PREVIOUS AGREEMENT TO RESTRUCTURE
OPERATIONS AND SAVE EMPLOYMENT IN THE FREE STATE
Harmony Gold Mining Company Limited
JSE: HAR
NYSE: HMY
ISIN NO.: ZAE000015228
HARMONY AND NUM RE-COMMIT TO PREVIOUS AGREEMENT TO RESTRUCTURE
OPERATIONS AND SAVE EMPLOYMENT IN THE FREE STATE
Johannesburg, Wednesday 6 October 2004 - Harmony Gold Mining Company Limited
(NYSE: HMY JSE: HAR) and the National Union of Mineworkers (NUM) today announced
that the Parties have reached an agreement thereby resolving the dispute on
restructuring at the company"s Free State Operations. The agreement includes the
withdrawal of notices for planned strike action by the National Union of
Mineworkers and a commitment by the Parties to identify and implement measures
to minimise the impact of Harmony"s restructuring processes in the Free State.
Harmony and the NUM agreed on the following:
- The withdrawal of the company"s notices for forced retrenchment.
- The withdrawal of the Union"s notices for strike action.
- Reskilling, retraining and redeployment of employees that are affected by
restructuring or that are excess to operational requirements.
- Transferring excess employees to other mines where placement opportunities
exist.
- The implementation of CONOPS at Masimong and the original Harmony
Operations.
- Implementing other retrenchment avoidance measures such as voluntary
retrenchments in terms of retrenchment agreements and the agreed principles
on restructuring.
"We are extremely pleased with the outcome of the negotiations which took place
over the last three weeks and have resolved all the matters of dispute involving
the affected employees with the various stakeholders. Harmony is making good
progress with the phased implementation of CONOPS which has currently been
agreed to on approximately 80% of our operations, allowing for the establishment
of working places and re-training and redeployment of employees. Cost and volume
benefits from the successful introduction of CONOPS will become evident as the
phasing-in continues," commented Bernard Swanepoel, Chief Executive.
Issued by Harmony Gold Mining Company Limited
6 October 2004
For more details contact:
Ferdi Dippenaar
Marketing Director
on +27(0)82 807 3684
or
Jackie Mathebula
Group Employee Relations Executive
On +27(0)83 257 5553
Investor Relations Officer
Corne Bobbert
Tel +27 11 684 0146
Mobile +27(0)83 380 6614
cbobbert@harmony.co.za
www.harmony.co.za
JSE: HAR
NYSE: HMY
ISIN No.: ZAE00001522
Date: 06/10/2004 02:50:03 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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