Over 6,600 jobs in jeopardy at Sibanye-Stillwater

JOHANNESBURG - Sibanye-Stillwater has announced that nearly 6,000 miners could be retrenched in an upcoming restructuring of their Driefontein operations.

Sibanye-Stillwater said in an announcement today that restructuring would extend to Beatrix in the Free State.

“Formal engagement through a Section 189 consultation process has now become unavoidable,” the company said.

“The initiation of a Section 189 consultation process follows numerous initiatives to contain losses at these operations, which have thus far proven to be unsuccessful.”

File: Parliament calls for Sibanye-Stillwater to be placed under curatorship

Some 5,870 employees and 800 contractors could possibly be directly impacted, the company stated.

Sibanye sent retrenchment termination letters to more than 2,000 workers at its Cooke 1 to 3 operations in 2017.

The group is not alone as Impala Platinum plans to reduce its workforce by a third, Sibanye-Stillwater expects to cut 12,600 jobs over three years, and Gold Fields will shed more than 1,000 jobs.

Lender Standard Bank aims to cut 526 information technology (IT) jobs.