• Inside Labour

    Without radical policy change SA's social fabric will continue to fray, says Terry Bell.

  • Long live your gadget

    Real gadget protection tends to cost real money, writes Arthur Goldstuck.

  • Taking SA for a ride

    The ANC seems to think all South Africans are idiots, says Mzwandile Jacks.

Data provided by iNet BFA
Loading...
See More

Lonmin, workers discuss shakeup

Feb 28 2013 17:42 Sapa

Lonmin’s Marikana mine near Rustenburg. (Picture: Lucky Nxumalo/City Press)

Related Articles

Lonmin honoured wage agreement

Lonmin rebuilding employee relations

Lonmin nominated for worst company

Lonmin CEO steps down

Lonmin seeks CEO to revive fortunes

Lonmin workers query payslips

 
Johannesburg - Plans to review Lonmin's [JSE:LON] operating structure were being discussed with unions, the platinum mining company said on Thursday.

The company said in a statement the new structure, which would probably affect 150 management positions, was part of its renewal plan announced in October.

This was part of the company's strategy to achieve "a sustainable business in an environment characterised by weak global market conditions and high input costs".

The company was aware the process needed to be sensitively managed, and said all parties were aware of the need to preserve jobs wherever possible.

Lonmin was discussing the matter with trade unions and non-unionised employees, as was required by labour law, and was looking for ways to minimise redundancies resulting from the restructuring.

"The company also proposes to engage the services of experts in the relevant fields to assist affected employees by providing counselling, financial planning advice and access to employment advisers."

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

lonmin  |  jobs  |  mines
NEXT ON FIN24X

Implats mulls mechanisation

2014-08-29 06:00

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

“Hippie sense makes business sense,” an entrepreneur said, adding that "purpose" was core to success.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...