https://www.polity.org.za
Deepening Democracy through Access to Information
Home / News / All News RSS ← Back
Africa|Business|Financial|Gold|Mining|Services|Surface|Training|Operations
Africa|Business|Financial|Gold|Mining|Services|Surface|Training|Operations
africa|business|financial|gold|mining|services|surface|training|operations
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Article Enquiry

Job losses at Beatrix 4 shaft, Kloof 1 plant minimised, Sibanye-Stillwater reports

Close

Embed Video

Job losses at Beatrix 4 shaft, Kloof 1 plant minimised, Sibanye-Stillwater reports

Sibanye-Stillwater CEO Neal Froneman.
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman.

9th March 2023

By: Martin Creamer
Creamer Media Editor

ARTICLE ENQUIRY      SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

JOHANNESBURG (miningweekly.com) – Precious and green metals mining company Sibanye-Stillwater said on Thursday that it had completed consultations to minimise job losses in restructuring its South Africa gold operations.

The consultation took place under Section 189A (S189) of the Labour Relations Act, 66 of 1995, amid ongoing financial losses at the Beatrix 4 gold mine shaft in the Free State, and the impact of depleting surface mineral reserves to the Kloof 1 gold plant in Gauteng.

Advertisement

Sibanye-Stillwater stated in a release to Mining Weekly that constructive consultations were held with affected stakeholders, with various avoidance measures mitigating possible retrenchments and minimising job losses amid the potential cessation or downscaling of operations and associated services at the Beatrix 4 shaft and the Kloof 1 plant.

A total of 2 314 employees were affected, with up to 1 959 employees potentially facing retrenchment.

Advertisement

“Pleasingly, this outcome has been avoided through the S189 consultation process with agreed and implemented avoidance measures resulting in 1 136 employees accepting transfer opportunities to available positions at other group operations in the South Africa region; 552 employees being granted voluntary separation or early retirement packages; and natural attrition accounting for 103 less affected employees.

“Regrettably, 168 employees could not be accommodated, or chose not to participate in the agreed avoidance measures, and as such will be retrenched. This number includes 39 learners who will be given the opportunity to complete their training, as well as 59 employees who declined a reasonable alternative position within the company. 

“While the decision to close or restructure operations is never taken lightly, the closure of the end of life, and loss making operations are necessary to ensure sustainability for the remainder of the business,” said Sibanye-Stillwater CEO Neal Froneman.

“Through constructive and co-operative engagement we have been able to preserve the vast majority of jobs initially at risk. We acknowledge and thank all stakeholders for their constructive engagement,” Froneman added.

EMAIL THIS ARTICLE      SAVE THIS ARTICLE ARTICLE ENQUIRY

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now