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Home Archive of News More misery expected as Sibanye restructures

Archive of News

More misery expected as Sibanye restructures

This came after AngloGold Ashanti said it intended to cut up to 8,500 jobs with a proposed closure of its Tau Tona and Kopanang mines. Earlier this week, Royal Bafokeng Platinum said it would restructure a shaft at its Bafokeng Rasimone Platinum Mine affecting 636 employees of which the employment of 520 would be terminated.

Another platinum producer, Atlatsa Resources, said it would be mothballing its Bokoni Platinum Mine affecting 3,651 workers, while an undisclosed number of employees would be affected by the restructuring of Platinum Group Metals’ (PGM’s) Maseve mine. Excluding the unknown number of employees affected at PGM, and assuming that all employees affected at the Sibanye, AngloGold and Atlatsa operations were retrenched, this would reduce employment in the mining sector by just over 21,000.

Source: SA Labour News



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