COAL of Africa Limited (CoAL) had reinstated 178 dismissed employees who participated in an unprotected strike at its Mooiplaats colliery early this month, after reaching an agreement with the National Union of Mineworkers (NUM), the company said yesterday.
CoAL shares fell 1.8 percent to close at R1.65. The market was disappointed that the company had not yet closed the operation, an analyst said.
Mooiplaats in Mpumalanga has been operating at a loss and is undergoing restructuring. Retrenchments are on the cards as the company is consulting under section 189a of the Labour Relations Act.
CoAL said that in terms of the memorandum of understanding signed with NUM, all 178 employees who had been fired on December 6 would be reinstated subject to a number of conditions, including that they would not be paid for the period December 3 to 12.
The employees were issued with final written warnings that were valid for one year and they were expected to report back to work yesterday.
Employees went on strike in solidarity with four employees who were suspended over allegations of misconduct during a legal strike last month.