Displaying items by tag: Staff

South Africa: PPC South Africa Holdings says that it has concluded a deal to sell 10% of its shares to employees via the PPC Employee Share Ownership Trust. News24 Online News has reported that all South African employees of the company will be eligible to buy shares, provided that they are not already currently participating in its long-term incentive programme. The total value of shares transferred under the deal will be US$20.4m

CEO Roland van Wijnen said "PPC has been built upon the shoulders of its employees, and this transaction provides a meaningful way of rewarding those in South Africa who do not participate in PPC’s long-term incentive plan to share in the creation of shareholder value. We are pleased that the terms of the transaction are such that it stands to benefit employees for many years to come.”

South Korea: A strike forced Korea Cement to suspend production at its integrated Jangseong cement plant from 8am on 13 June 2023. Investing News has reported the cause of the strike as a dispute over collective bargaining between the company and workers at the plant.

Korea Cement said “If the production suspension continues for more than six months, the company may be subject to delisting review by the Korea Exchange."

French Guiana: 27 of 30 workers at Ciments Guyainais’ Rémire-Montjoly grinding plant in Cayenne went on strike on 12 June 2023. The strikers advised management that they launched strike action because the current direction of the company is ‘disastrous.’ They have requested that senior representatives of parent company Grupo Argos attend a meeting with them.

Portail des Outre-mer News has reported that Ciments Guyainais holds a 100% market share in French Guiana. It supplied 107,000t of cement to customers in 2022, up by 8.6% year-on-year from 98,500t in 2021.

Kenya: A court has authorised an auction of East Africa Portland Cement Company (EAPCC)'s moveable property to proceed, in order to pay former staff. The Nation newspaper has reported that EAPCC owes the employees US$10m in unpaid wages. The court allowed the auction in favour of 60 claimants. It instructed a further 150 claimants to seek redress by other means, due to insufficient available proceeds from the sale.

Afghanistan: State-owned Jabal al-Saraj Cement has served eviction notices to 40 families living in company accommodation. Hasht e Subh News has reported that the occupants are the families of former Jabal al-Saraj Cement employees who worked at the company’s cement plant for a minimum of 30 years, as per a pre-existing agreement between the cement producer and employees.

Cement production at the Jabal al-Saraj cement plant has been suspended since the Taliban takeover of Afghanistan in mid-2021.

Mongolia: L Naranbaatar, the head of Khutul Cement and Lime, has responded to a strike at the company by outlining changes made since it was nationalised in 2022. Workers are protesting with demands to add wage incentives and to appoint managers from within the company, according to the UB Post newspaper. They have also alleged that the company is spending its budget illegally.

During a press conference Naranbaatar explained that the company produced 403,000t of cement in 2022, an increase from 2021. It reported a profit of US$3.3m in 2022, the first time it had made a profit in the last decade. However, the producer’s wage bill nearly doubled to just below US$6m in 2022. The company also spent US$2.25m on upgrades to the plant in 2022, the first such investment made in five years, compared to US$171,000 spent on maintenance in 2021.

Former economist L Naranbaatar was appointed as the head of Khutul Cement and Lime in March 2022. The company was transferred to the Development Bank of Mongolia when the heir of the previous owners refused to accept the inheritance.

India: Adani Group has reportedly relocated 'significant roles' in ACC and Ambuja Cements to Ahmedabad, Gujarat. ACC and Ambuja Cements' headquarters are situated in Mumbai, Maharashtra, and employ 6000 and 4700 people respectively. The Business Standard newspaper has reported that many people in leadership positions now based in Ahmedabad continue to run teams in Mumbai.

US: Lehigh Hanson is preparing to start cutting jobs at the Glen Falls cement plant in New York from April 2023. The majority of the employees at the site will be laid off in April 2023 with some staff to be retained until later until 2023, according to the Times Union newspaper. It was previously reported in November 2022 that the subsidiary of Germany-based Heidelberg Materials was planning to close the plant in a phased manner in 2023. Production from the Glen Falls site will be covered in the future by the company’s new Mitchell plant in Indiana.

India: The Federation of Indian Chambers of Commerce & Industry (FICCI) has named Adani Group subsidiary Ambuja Cements the winner in the Women Empowerment category of its Corporate Social Responsibility Awards 2020 – 2021. During the period under consideration, the producer’s initiatives supported 2970 self-help groups and trained 31,000 women. It employed 9000 women in its operations.

Ambuja Cements says that it aims to help women in their role as breadwinners, changemakers and leaders in their communities.

Germany: Heidelberg Materials says it is considering shutting down plants in Germany due to the high cost of gas and electricity. In comments reported by Reuters chief executive officer Dominik von Achten said, "If power prices won't come down sustainably, we would have to take individual plants in Germany completely off the grid. That's what we have prepared for." He added that the company is shifting production to times and days when power prices are lower including at the weekend. However, changing staff shift patterns has required ongoing discussions with labour unions.

The building materials company expects its energy bill to rise by around half year-on-year to over Euro3bn in 2022. It has called on the German government to place a cap on energy prices despite measures the company has already taken to protect itself from soaring costs, such as using alternative fuels.