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IOL Business reports that Assmang has confirmed the permanent closure of its Cato Ridge Works (CRW) Ferromanganese Smelter in KwaZulu-Natal (KZN) with close to 600 employees set to lose their jobs.
The closure will take effect on 31 August 2025. Assmang, jointly owned by Assore SA and African Rainbow Minerals, said the decision followed a "structured and comprehensive consultation process" in line with Section 189 of the Labour Relations Act. The decision was reached after a comprehensive review of the Smelter’s operational and financial position. Assmang indicated that despite "nonstop efforts to explore alternatives to closure, the operation has continued to experience significant financial losses, which rendered CRW unsustainable". Around 310 permanent and 290 contract workers will be retrenched. "In partnership with Siyakha Consulting, Assmang is offering affected employees access to wellness programs, financial planning & budgeting, CV writing, employment seeking opportunities, reskilling program options, and entrepreneurship skilling," Assmang indicated.
- Read the full original of the report in the above regard by Mthobisi Nozulela at IOL Business
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