Labour-Management Relations

Communication

Good communication with our employees is essential for effective management of our global company. Our employees can access our company intranet and read our internal newspapers (Barrick News and Courageous News) for daily and quarterly updates on company affairs. During major changes to our operations, we keep our employees informed through the Barrick News, targeted announcements, on-line information sessions, the company intranet and face-to-face meetings at sites and offices as necessary. For those operations where there are collective bargaining agreements in place, we respect minimum notice periods regarding communicating operational changes.

Trade Unions

Barrick has a number of facilities around the world where our employees are members of labour unions or collective bargaining associations. We work closely with these organizations to develop and manage effective labour relations programs. In 2011, employees from 15 properties were covered by collective bargaining agreements.

We believe that keeping the lines of communication open between management and labour is the most effective way to avoid a work stoppage. Barrick did not experience any employee strikes or lockouts exceeding one week’s duration in 2011.

Mine Closure and Employees

A mining operation can have a limited life or can, in a few cases, continue longer than a century, employing three or even four generations of miners. But, whether short- or long-term, all mines eventually close. Mine closure results in layoffs and transfers; it can be disruptive to employees and their families. In order to help employees weather this transition, closure planning at our operations includes employee assistance to identify new career opportunities and transition plans as appropriate. Where possible, we may be able to offer continuing employment opportunities at other Barrick operations. In some regions, we can offer out-placement services or help with resumes and job hunting strategies.