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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now