Mopani Lays Off 3,000 Workers, KCM Puts Nchanga Mine On Maintenance.
Mopani Copper Mines (MCM) has laid off 3, 051 workers while 1,249 employees have opted for voluntary separation as part of Glencore’s debt reduction strategy.
However Christopher Yaluma is furious with Mopani and condemned them for their decision.
Glencore owns Mopani and in September this year, they announced debt reduction plan to reduce over US$30 billion net debt by US10 billion by the next year.
In an interview yesterday Mineworkers Union of Zambia (MUZ) president Nkole Chishimba informed journalists that Mopani has formally informed affected employees on the matter.
Outspoken government spokesperson, Chishimba Kambwili said Mopani will effect redundancies on November 21 and has urged all affected employees to manage their retrenchment packages well.
In related news Konkola Copper Mines (KCM) has placed its Nchanga Underground Mine on care and maintenance in view of external shocks.
Mr Chishimba Kambwili said the workers will be re-deployed to other KCM functions and that none of them will lose employment during the time Nchanga Mine will be under care and maintenance.