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Re-hired Implats workers won't get benefits

13 Feb 2012

The 17 200 fired workers at Impala Platinum (Implats) will be re-employed but Business Report says they will have no right to share in the benefits of the company's employee share ownership scheme.

This means that unless there are changes to the scheme, the 7000 workers who were not dismissed with share handsome returns when the scheme makes its second and final payment to them in 2016.

Bob Gilmour, group executive in charge of corporate relations could not confirm how many of the 17 200 fired workers had been members of the scheme but he believed the majority were.

Meanwhile Lesiba Seshoka of the National Union of Mineworkers said the share scheme was "one of the poorest in the industry" and warned that the loss of this and other benefits could result in protracted labour disputes for Implats.

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