Sibanye Weighs Job Cuts at Some Gold Operations in S. Africa
- Restructuring could affect some of Beatrix, Kloof’s operations
- Sibanye said it’s entering consultations on retrenchments
Sibanye Stillwater Gold mine shaft in Driefontein, near Carletonville, South Africa.
Photographer: Marco Longari/AFP/Getty Images
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Sibanye Stillwater Ltd. said it may cut more than 2,000 jobs at some gold mining operations in South Africa that are struggling to make a profit.
The Johannesburg-based precious metals producer will enter into consultations with labor groups and other stakeholders on the proposed restructuring, which could affect 1,959 employees and 465 contractors at its Beatrix 4 shaft and Kloof 1 plant.