Further to the SENS announcement released on 25 April 2008 regarding East Rand Proprietary Mines Limited ("ERPM") giving notice to initiate consultations with recognised trade unions in terms of Sections 189 and 189A of the Labour Relations Act, DRDGOLD is pleased to announce that a written retrenchment agreement was concluded with organised labour on Friday, 4 July 2008. In terms of the agreement, voluntary retrenchment applications will be open for acceptance until Friday, 11 July 2008, following which ERPM will identify and retrench up to 270 employees in terms of agreed selection criteria.
The above retrenchment process forms part of DRDGOLD’s commitment to improving operating efficiencies at the ERPM mine.
8 July 2008
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