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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