BusinessLive reports that Gold Fields is preparing to lay off up to 1,560 people at its loss-making South Deep mine, the gold producer indicated in a statement on Tuesday.  

"It is envisaged that approximately 1,100 permanent employees could potentially be impacted by the proposed restructuring.  In addition, approximately 460 contractors could also potentially be impacted," Gold Fields said.  South Deep, near Westonaria, employs 3,614 full-time employees and 1,940 contractors.  The announcement follows a week after Impala Platinum said it would cut 13,000 jobs at its mines as it shuts five of its 11 shafts over the next two years to address six years of losses at its Rustenburg mines.  Fellow platinum producer Lonmin has advised that it would be cutting 12,600 jobs over three years as it stops old and unprofitable mines.

• A short report by Allan Seccombe is at BusinessLive
• Read Gold Fields’ statement at Moneyweb

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