Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

exxaroBloomberg reports that, citing low commodity prices and a drop in equity investment, diversified miner Exxaro Resources may cut as many as 565 jobs from its coal to ferroalloy operations.  

The company has given notice of a so-called Section 189A (i.e. retrenchment) process, as required by labour law before positions can be eliminated.  The jobs are likely to be cut at Exxaro Resources, Exxaro Coal, Exxaro Coal Mpumalanga and Exxaro FerroAlloys.  A company spokesman declined to comment.  Exxaro said in March it would save labour costs of R250m a year after 464 employees took voluntary severance packages at a cost of R408m in 2015.

  • A short report is at BDLive
  • Read too, Exxaro sells jetliner as it ramps up cost cuts, at Fin24

Get other news reports at the SA Labour News home page