BL Premium reports that precious metals producer Sibanye-Stillwater has entered into consultations with organised labour and affected stakeholders to restructure parts of its local gold operations which could lead to about 2,000 job losses.
The miner said it would look for alternatives to avoid and mitigate possible retrenchments at its Beatrix 4 Shaft in the Free State and Kloof 1 plant in Gauteng in its engagements in terms of section 189 of the Labour Relations Act. “Subject to the outcome of the consultation process, it is envisaged that the proposed restructuring may potentially result in the retrenchment of up to 1,959 employees and affect 465 contractors,” the company indicated on Tuesday. “To allow shafts and operating plants that are no longer sustainable to continue operating at a loss, will threaten the remaining life of mine of the other SA gold operations, and ultimately also the employees of the broader group,” the company’s chief regional officer of Southern Africa Richard Stewart said. The company added that employees might be affected in associated companies, including Sibanye Gold Protection Services and Sibanye Gold.
- Read the full original of the report in the above regard by Nico Gous at BusinessLive (subscriber access only)
- Read too, Sibanye-Stillwater gold division mulls restructure that could affect over 2,000 workers, at Fin24
- En ook, Afleggings dreig by Sibanye-myn, by Maroela Media
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