CCMA is one of only three U.S. plants producing ferrosilicon, an alloy of iron and silicon that is mainly used in the production of steel to enhance.
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- CCMA video | News, Videos & Articles
- Billionaire Looks to Bitcoin Mining to Save Troubled Business
- The steel plant was closed in July when the crypto mining operations started.
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Additionally, in , Site Selection reported that in the meanwhile Bitcoin miners were hopeful of Montana. Kolomoisky has had his fair share of controversy recently in regards to his financial dealings with PrivatBank.
CCMA video | News, Videos & Articles
The businessperson is known to have business links with Dnipro, a Ukrainian football club. Your email address will not be published.
Read Full Review at Tunf. Designed by Tunf. Designed by Space-Themes. Employers should thus exercise extra care when exercising their discretion and implementing policies relating to benefits.
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This judgment may also be seen to have potentially opened the floodgates for referrals by unsatisfied employees to the CCMA regarding privileges and advantages awarded by an employer at its discretion. Importantly thougth, the unfair labour practice jurisdiction cannot be used by employees to assert an entitlement to new contractual terms such as new benefits, new forms of remuneration or new policies not previously provided for by the employer.
It is clear that employers faced with having to exercise a discretion as to whether to grant certain benefits or not must exercise such discretion in a fair, transparent and justifiable manner to avoid falling foul of the unfair labour practice provisions of the Labour Relations Act. Type the code from the image.
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Jurisdiction of the CCMA to adjudicate benefit disputes expanded. Those judgments in which a contrary approach was adopted are accordingly wrong.
Billionaire Looks to Bitcoin Mining to Save Troubled Business
Disputes over the provision of benefits fall into two categories. Where the dispute is not based on an allegation that the grant or removal of a benefit is unfair, strike action is the remedy.
The Labour Appeal Court went further and held that there are at least two instances of conduct by an employer relating to the provision of benefits that may be subjected to scrutiny by the CCMA under its unfair labour practice jurisdiction: The first instance is where an employer fails to comply with a contractual obligation that it has towards an employee.
In this instance, an employee would still only be able to refer a dispute to the CCMA for adjudication if such a dispute is based on a right or benefit contained in the contract of employment, or alternatively in law. The second situation is where the employer exercises a discretion that it enjoys under the contractual terms of a scheme conferring a benefit.
Word of the additional layoffs came months after the U. Justice Department accused Kolomoyskiy and Boholyubov of purchasing U. The allegation, which the two tycoons deny, stems from a continuing investigation by the FBI -- a division of the Justice Department -- into suspicions of money laundering. Even when the price of metal was low, it would still run.
The steel plant was closed in July when the crypto mining operations started.
They just might shut off one or two furnaces until the price went back up. But I have never known them to shut every line down," said Burkeen, who retired in after a quarter-century on the job. Now, the only thing buzzing on CCMA's sprawling grounds is a Bitcoin-mining operation, employees say -- a warehouse full of computers that are churning out cryptocurrency while the factory's traditional production is idled.
When that might be restarted is unclear, current and former employees say, in part because the temporary collapse in ferroalloy demand prompted by the pandemic is not the only cloud hanging over CCMA.
Some workers suspect that the law enforcement pressure faced by Kolomoyskiy and two Miami-based U. Financial problems at Kolomoyskiy's other U. Miami is just keeping everything hush-hush. On August 4, the FBI raided the associates' Miami headquarters and their real-estate management office in Cleveland, Ohio, where they own several properties.
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Two days later, the Justice Department filed a civil lawsuit accusing Kolomoyskiy and Boholyubov of purchasing U. The Justice Department claims the tycoons were assisted in these alleged actions by Korf and Laber, who oversee all their U. A spokesman for Korf and Laber declined to comment on any plans for layoffs at CCMA or other aspects of the plant's future, including its sale.
Kolomoyskiy has ties to President Volodymyr Zelenskiy and returned from self-imposed exile shortly after Zelenskiy's election in The U. Justice Department claims that Kolomoyskiy and Boholyubov fraudulently loaned themselves money from PrivatBank in and laundered it through shell companies before purchasing U. The tycoons deny the accusations and claim they purchased the U. Korf and Laber also deny any wrongdoing. The lawsuit filed by the Justice Department in August is seeking the forfeiture of two commercial buildings — one in Kentucky and one in Texas -- that the tycoons purchased during their years-long U.
She declined to comment on whether law enforcement was looking into details about the purchase of CCMA.