Sibanye Stillwater announced another round of retrenchment talks for its SA gold operations, which could affect more than 4 000 employees and contractors.
The company had cut more than 1 000 jobs during a process concluded in December, though this was well below the number affected by the talks. Further to previous restructuring concluded during 2023 and the first quarter of 2024, the ongoing group business review has identified a need to address losses at the Beatrix 1 shaft, which has been unable to deliver planned production, it said in a statement.
Sibanye had about 81 500 employees, including contractors, in its SA operations as of 2022, with about 30 500 in its gold operations and 46 400 in its platinum group metal operations. Beatrix, located in the Free State, had about 7 900 employees and Kloof, which is in Gauteng, had just over 10 000 in total.
Job Cuts
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