South Africa: 5,270 Jobs On Chopping Block As Sibanye Restructures Marikana

analysis

Sibanye-Stillwater has informed trade unions it aims to cut up to 5,270 jobs at its Marikana operations, which were once part of Lonmin. If Sibanye had not acquired Lonmin, more than 20,000 jobs would have been at risk.

Back in December 2017, when diversified precious metals producer Sibanye-Stillwater announced its intention to acquire Lonmin, about 12,600 jobs looked likely to be shed at the troubled platinum producer. A further 900 jobs would probably go because of duplications arising from the merger. On 10 June 2019, the merger was concluded, with conditions that included no forced retrenchments for at least six months.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.