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Sibanye-Stillwater to retrench up to 1,959 employees

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SIBANYE-Stillwater may retrench up to 1,959 employees from its South African gold operations following an announcement today it had started restructuring talks with unions at its Beatrix 4 shaft and Kloof 1 plant. This is in terms of Section 189 of the Labour Relations Act which seeks to find ways of minimising job losses through voluntary separate, redeployment of employees and retrenchment avoidance methods. Richard Stewart, chief officer for Sibanye-Stillwater’s southern Africa region said the restructuring was necessary as the operations were making losses that would “threaten the remaining life of mine of the other South African gold operations, and ultimately also the employees of the broader group”.
1 Nov 2022 2PM English South Africa Business News · Investing

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