Spokesperson for Sibanye James Wellsted says the retrenchment process follows a detailed three-month review of the Marikana operation.has announced its intention to retrench more than 5 000 workers at its Marikana mine in the North West.
Sibanye-Stillwater says that it will enter into consultation with the relevant stakeholders in terms of the Section 189 process. Spokesperson for Sibanye, James Wellsted says the retrenchment process follows a detailed three-month review of the Marikana operation and that the unfortunate job losses are necessary in order to ensure the sustainability of the mine’s operation.
“This follows ongoing financial losses experienced at these operations with certain shafts having reached the end of their economic reserve lives. The company and affected stakeholders will together consider other measures to avoid and mitigate further retrenchments and seek alternatives to the potential closing or downscaling of operations.”
“The restructuring will result in a more sustainable business, which is able to secure employment for the majority of the Marikana workforce of approximately 22 000 people and benefit other stakeholders in the area for a much longer period.”
y ba retrencher? go maswe mos sibanye go tla nna thata faaaa.
This is bad😢😢
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SA celebrates Heritage Day - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Today marks Heritage Day and President Cyril Ramaphosa will address the main celebrations at Mxolisi Jacobs Stadium in Upington in the Northern Cape later on Tuesday morning. Celebration for the development of all local languages, expect Afrikaans - brought to you by Lesufi from the ANC. HAPPY HERITAGE DAY Omdat God, vergifnis, braai, familie en liefde deel van my erfenis is, sal ek dit vandag vier. alsvirJesus
Source: SABC News Online - 🏆 32. / 51 Read more »
Mutton, beef producer prices decrease - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Mutton, beef producer prices decrease The Red Meat Producer’s Organisation (RMPO) says the producer prices of mutton and beef have decreased. At last we can have mutton meat for a change no more chicken.. Not in my local butchery Hhayi, kephi khona?
Source: SABC News Online - 🏆 32. / 51 Read more »
BUSA applies for interdict against strike in banking sector - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Business Unity South Africa (BUSA) says they have applied for an interdict to halt the nationwide strike by the South African Society of Bank Officials (SASBO) on Friday. So , don’t try everything within your VERY extensive power and influence to negotiate with the unions ,use your VERY extensive resources to beat them down. Doing a Trevor ,are we?
Source: SABC News Online - 🏆 32. / 51 Read more »