Today's Labour News

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Sibanye StillwaterBL Premium reports that Sibanye-Stillwater has announced additional restructuring at some of its SA gold mining operations that could result in 4,000 more job losses.

The precious metals producer said about 3,000 permanent jobs and 915 contractors were are at risk. This means the group will be slashing its workforce for the third time in a year. It is consulting organised labour and representatives of affected non-unionised employees as required by law. Sibanye, one of the largest producers of gold and platinum globally, cut about 2,600 jobs at its platinum group metal (PGM) operations in SA earlier this year. The proposed restructuring at its SA gold operations will affect the Beatrix 1 shaft at the Beatrix mine in the Free State, and the Kloof 2 plant, which has had insufficient processing material available to cover overheads since the closure of Kloof 4 shaft. The Beatrix 1 shaft has been unable to “deliver planned production”. In addition, the deferral of capital expenditure at the Burnstone gold mining project in Mpumalanga, announced in February, also requires restructuring after a reduction in planned capital activities. National Union of Mineworkers (NUM) spokesperson Livhuwani Mammburu said the potential job losses were unacceptable. "[Sibanye] has been retrenching workers every year intending to cut costs while making huge profits at the expense of poorly paid mineworkers,” he pointed out.

  • Read the full original of the report in the above regard by Denene Erasmus at BusinessLive (subscriber access only)

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