JOHANNESBURG – Sibanye-Stillwater intends to take advantage of the lapse of the six-month moratorium on retrenchments after its merger with Lonmin and axe more than 5 270 workers in December, with unions on Wednesday slamming the jobs bloodbath. Sibanye announced on Wednesday that it would cut more than 5 270 jobs at its Marikana operation and associated services, which were previously under Lonmin in North West province. This consists of 3 904 employees and 1 366 contractors.
Sibanye said this was pursuant to ongoing financial losses experienced at these operations with certain shafts having reached the end of their economic reserve lives. The group proposes to place on care and maintenance loss-making operations at the East 1 , West 1 and Hossy shafts and the open-cast operations.
Sibanye spokesperson James Wellsted said that the section 189 notice means that the miner would now enter into 60 days engagement with stakeholders, including unions, with the hope of finding constructive ways to avoid large job losses.
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Sibanye-Stillwater to retrench more than 5 000 workers - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Sibanye-Stillwater to retrench more than 5 000 workers Sibanye-Stillwater has announced its intention to retrench more than 5 000 workers at its Marikana mine in the North West. This is bad😢😢 y ba retrencher? go maswe mos sibanye go tla nna thata faaaa.
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Peter Moyo refused entry to Old Mutual offices for third time | IOL Business ReportAxed former CEO Peter Moyo returned to Old Mutual's offices in Sandton on Wednesday morning but was refused entry for the third time. busrep busrep This is getting funny now is a very serious way. I wonder what will it mean for the next Black CEO anywhere in RSA. If you black, your actions affect the entire people on white people are treated as individuals. busrep I wonder if our black people are seeing this when one of their fellow black man is discriminated at work.....! busrep I think it's time as a public to show the likes of Trevor Manuel and all other WMC puppets that we can't tolerate their nonsense in bullying their way through by ignoring our courts. Let's boycott OM it's time we as blacks stand against all these shit BLF_SouthAfrica LandNoli
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South African banks prepared for biggest strike in 99 years | IOL Business ReportSouth African banks are urging clients to use digital channels as the industry prepares for what could be its biggest strike since 1920. A ploy by the ANC to distract while they push something else through that the dont want the South Africans to see. Really getting tired of these protests, considering that they never see the 'bigger' picture that has a ripple effect on the economy and eventually the loss of jobs. cryptocurrency Time to finally make this the global financial standard.. They can strike but in the near future the whole banking system going to be electronic and paper money will be in museum of history.
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