Multinational mining and metals processing group Sibanye-Stillwater has reported that 111 workers and 1 130 contractor workers have been retrenched on account of the restructuring of its South African gold operations.
Sibanye has concluded consultations with stakeholders by way of Part 189A of the Labour Relations Act.
In consequence, Sibanye has agreed that mining operations on the Beatrix 1 Shaft will proceed so long as there aren’t any internet losses on a mean trailing three-month foundation from June 1. Ought to this not be sustained, and topic to sure circumstances, the shaft will likely be closed.
Beatrix 1 Shaft at the moment employs 422 workers and 100 contractors.
Additional, 629 workers took voluntary separation packages or early retirement packages, pure attrition of 116 workers occurred and 448 workers accepted transfers to different operations.
“We have now restructured the South African area to align with the lowered working footprint following the required operational restructuring for higher regional sustainability and profitability and we’re effectively positioned for ongoing shared worth supply.
“This can be very encouraging that the restructuring efforts undertaken within the area haven’t solely efficiently and proactively addressed loss-making operations, thereby securing the advantages and worth they proceed to convey to a number of stakeholders, however by cooperative session with stakeholders, restricted compelled retrenchments to only 8% of whole workers impacted since January 2023,” says Sibanye CEO Neal Froneman.
