Lonmin wants to retrench 1,139 employees by December
- Published on 24 Oct 2017
- HR Pulse News Desk
Trade union Solidarity said in a statement that it had been informed by Lonmin that the platinum producer was planning to reduce its workforce by 1,139 workers before Christmas.
According to Solidarity, Lonmin said the platinum sector was under pressure owing to low platinum prices and rising costs that necessitated retrenchments. Solidarity general secretary Gideon du Plessis said the union would do everything in its power to prevent the retrenchments.
He added that, with the announcement of the current retrenchment processes and an indication that a next phase of retrenchments would follow, Lonmin had to reflect on its tactics of constantly creating job insecurity and uncertainty regarding trade union representation among its workers.
