Job Cuts

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.