Amcu doesn't buy Sibanye-Stillwater restructuring proposal

JOHANNESBURG - Amcu says it doesn't believe Sibanye-Stillwater's reasons for proposing the nearly 6,000 job cuts.

Union leader Joseph Mathunjwa said retrenchments should start at management level.

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Mathunjwa said, "so, therefore, you can imagine if you can remove all this fat in management, which are so useless, they sit in the office and do nothing but earn a R3-million annual salary..."

"If you remove that fat you can save how many jobs.

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"These 6,000 jobs can be saved. Here it's not about there is no production. It's the poor performance of management."

Chief executive of Sibanye Neal Froneman says the restructuring is unavoidable.


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