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BL Premium reports that gold and platinum producer Sibanye-Stillwater is to retrench 168 workers after initially planning almost 2,000 job cuts as it reduces or stops production at two SA gold operations.
Sibanye advised in November that as many as 1,959 workers could face retrenchment as the Beatrix 4 shaft in the Free State was unprofitable and Kloof 1 shaft at Westonaria was nearing the end of its life. The group indicated on Thursday that, after legally required consultation, 1,136 employees had accepted transfers to other positions in the SA region and 552 were granted voluntary separation or early retirement packages. Natural attrition accounted for 103 employees. A further 168 employees could not be accommodated or chose not to participate in the agreed avoidance measures and will be retrenched. That number includes 39 learners who will be given the opportunity to complete their training, as well as 59 employees who declined an alternative position within the company. “While the decision to restructure operations is never taken lightly, the closure of the end of life and loss-making operations are necessary to ensure sustainability of the remainder of the business,” CEO Neal Froneman statedf.
- Read the full original of the report in the above regard by Katharine Child at BusinessLive (subscriber access only)
- Read too, Sibanye retrenches only 168 staff at gold operations after 'constructive' engagements with labour, at Fin24
Get other news reports at the SA Labour News home page