Today's Labour News

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headgear thumb medium80 122Miningmx writes that more misery was heaped on SA’s precious metals industries after Sibanye Gold announced on Thursday that it would be restructuring its Cooke and Beatrix West operations, potentially affecting 7,500 workers or roughly 13% of its workforce.  

This came after AngloGold Ashanti said it intended to cut up to 8,500 jobs with a proposed closure of its Tau Tona and Kopanang mines.  Earlier this week, Royal Bafokeng Platinum said it would restructure a shaft at its Bafokeng Rasimone Platinum Mine affecting 636 employees of which the employment of 520 would be terminated.  Another platinum producer, Atlatsa Resources, said it would be mothballing its Bokoni Platinum Mine affecting 3,651 workers, while an undisclosed number of employees would be affected by the restructuring of Platinum Group Metals’ (PGM’s) Maseve mine.  Excluding the unknown number of employees affected at PGM, and assuming that all employees affected at the Sibanye, AngloGold and Atlatsa operations were retrenched, this would reduce employment in the mining sector by just over 21,000.

  • Read this report by David McKay in full at Miningmx
  • See too, Mining closures set to put 20,000 jobs at risk, at BusinessLive (paywall access)
  • And also, Retrenchment bloodbath as Sibanye Gold aims to chop 7400 jobs, at Business Report

Get other news reports at the SA Labour News home page