Sibanye Gold plans to shed 1 600 jobs

More than 1 600 jobs could be affected as Sibanye Gold restructures its support services.(Delwyn Verasamy, M&G)

More than 1 600 jobs could be affected as Sibanye Gold restructures its support services.(Delwyn Verasamy, M&G)

"Sibanye Gold Limited has issued Section 189 notices, in terms of the Labour Relations Act, to employees in the Group's support services functions," spokesperson James Wellsted confirmed in a statement on Thursday.

He said the planned merging of regional, corporate, and mine support services into a consolidated, centralised function was expected to increase productivity.

"Sibanye Gold has undertaken a thorough review of its entire business in order to extend the productive lives of its operations and ensure sustainability," he said.

Chief executive officer Neal Froneman said through the proposed restructuring they saw significant potential for increasing economically recoverable reserves.

"This will allow current production levels to be sustained well into the future," he said. The company would enter a 60-day consultation period with unions and affected parties to find a way forward. – Sapa

.

Client Media Releases

ContinuitySA named Platinum Reseller by Veeam
Home automation incorporates SMS to keep you connected
MTN adds 'mystique' to its offers
The significance of Nelson Mandela Day
UKZN Campus to Campus a celebration of a healthy lifestyle