Sibanye reduces job cuts at South African gold mining operations | Metals Mine

  • Sibanye reduces job cuts at South African gold mining operations

    From mining-technology.com

    South African precious metals miner Sibanye-Stillwater has reduced the number of jobs cuts to 3,450, following the proposed restructuring of its gold mining operations. The number of job cuts being has nearly halved when compared with the February forecast, which put the job cut figure at 5,870 employees and 800 contractors. The proposed restructuring is a consequence of the ongoing financial losses experienced at the firm at the Beatrix 1 and Driefontein 2,6,7,8 shafts last year. The February forecast prompted threats from the Association of Mineworkers and Construction Union (AMCU). Early retirement, natural ... (full story)

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perma-bull
Jun 6, 2019 9:48am
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#todayilearned:
"Sibanye-Stillwater is the largest individual producer of gold from South Africa and is one of 10 largest gold producers globally. Sibanye-Stillwater is also the third largest producer of palladium and platinum."
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676f6c64
Jun 6, 2019 10:20am
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They can probably make some people voluntarily quit by trapping them in another mine for 30 hours like they did last year.
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