Sibanye to axe up to 5,270 people from former Lonmin mines
In the middle of platinum-sector wage talks, Sibanye has announced the closure of three shafts in a move that will infuriate major union Amcu
25 September 2019 - 11:22
Sibanye-Stillwater, the world's largest platinum miner, will lay off up to 5,270 people at the former Lonmin asset, with the restructuring announcement coming in the middle of wage talks.
Sibanye said it is closing the East 1, West 1 and Hossy shafts as well as halting opencast mining, stopping two concentrators and removing duplicated jobs in the merged companies. The cuts will come as the moratorium on retrenchments expires in December...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.