JOHANNESBURG - Sibanye-Stillwater is set to retrench over five thousand workers at its Marikana operations.
This forms part of the company's restructuring at the loss-making mine. Sibanye-Stillwater bought the mine in June this year.
It's also dealing with a deadlock in wage negotiations with AMCU after the union declared a wage dispute in the platinum belt.
Sibanye-Stillwater says the job cuts are less than originally expected.
James Wellsted of Sibanye-Stillwater says the S189 process follows a detailed three-month review of the Marikana operation, post the Lonmin acquisition becoming effective in June 2019.
"The review and planning process included the simulation of alternative scenarios to minimize job losses. Approximately 5,270 jobs are expected to be lost due to the restructuring."
Watch the video above for more.