The government has to make tough decisions about social grants in the face of poor economic performance
The mining company is set to cut more jobs despite numerous restructuring efforts
Anglo American Platinum, the world’s top platinum producer, has said it will shed around 4 800 jobs through its restructuring process.
At least 1 600 jobs could be affected at Sibanye Gold as it restructures its support services, says the company.
Unemployment is set to worsen globally, posing the risk of social unrest as inequality worsens.
No surprises at the announcement of plans to cut 1 100 positions.
The National Union of Mineworkers will oppose the retrenchment of 6 000 workers at Anglo American Platinum, the union has said.
The Congress of South African Trade Unions has expressed outrage over Anglo American Platinum’s announcement that it will cut 6 000 jobs.
Plans by Anglo American Platinum to cut 14 000 jobs has come as a shock to the government, said Mineral Resources Minister Susan Shabangu.
Standard Bank has said it would cut up to 15% of its staff in London to save $100-million, as the bank scales back operations outside Africa.
Paper maker Sappi says it will be cutting jobs and restructuring its operations to rein in costs and focus on higher margin businesses.
HSBC’s new chief executive says the positions will go worldwide over the next three years after announcing first-half profits up 3% to $11.5-billion.
The economic crisis could lead to over 300 000 job losses, economist Mike Schussler said in the 8th United Association of SA Employment Report.
The motor manufacturing industry lost 2 566 jobs in 2008, the National Association of Automobile Manufacturers of South Africa said on Wednesday.
Japan’s biggest bank Mitsubishi UFJ Financial Group said on Monday that it would cut 1 000 jobs and close 50 branches over three years.
Nokia, the world’s leading cellphone maker, said on Tuesday it planned to cut another 1 700 jobs worldwide.
More than 100 workers at Xstrata Alloy’s smelter in Rustenburg in the North West have been fired.
The tourism industry should do ”everything possible” to protect jobs in light of a ”looming recession”, ANC president Jacob Zuma said on Tuesday.
About 8 200 mining jobs in Zambia have been lost since December as the global economic crisis sends copper prices down.
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/ 24 February 2009
The world’s diamond giant is halting mining in Botswana for the next seven weeks as the global recession takes it toll on gem demand.
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/ 24 February 2009
The DA on Tuesday said Finance Minister Trevor Manuel and government’s new economic task team must act faster to save local jobs.
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/ 24 February 2009
Solidarity on Tuesday hit back at Lonmin which earlier said it had reached "an agreement" with trade unions to retrench 4 000 employees.
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/ 23 February 2009
The farmlands of central China hold no future for Li Honglin, but she’s trapped there until word comes from a clothing factory where she used to work.
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/ 20 February 2009
Anglo American scrapped its 2008 final dividend on Friday to conserve cash and said it will cut 19 000 jobs.
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/ 10 February 2009
Planned retrenchments currently stood at 35 000 for all sectors of the domestic economy, trade union Solidarity said on Tuesday.
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/ 14 January 2009
Barclays Plc said it is cutting more UK-based jobs, which is likely to take job losses at the British bank to 4 600 in the past week.
Electronics company scales back unprofitable businesses ahead of an expected buyout
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/ 18 December 2008
Retrenchments in the South African mining industry could be reduced by 40% to 60%, Solidarity deputy general secretary Dirk Hermann said on Thursday.
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/ 15 December 2008
Nearly 2 000 mine workers will lose their jobs following a decision by Aquarius Platinum to suspend operations at its Everest mine.
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/ 16 October 2008
It is also buying a Danish online classifieds site, dba.dk, and a vehicles website, bilbasen.dk, for $390-million.