• Clueless leaders

    Zim's leaders are clueless about managing the economy or leading the nation, says Malcom Sharara.

  • Govt is out of touch

    Journalists seems to know more than those paid to govern us, says Mandi Smallhorne.

  • Terry Bell's Inside Labour

    Private firms can't be blamed for picking up anything lucrative on offer, says Terry Bell.

All data is delayed
Loading...
See More

Lonmin, workers discuss shakeup

Feb 28 2013 17:42
Sapa
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

 
 
 

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
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

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

Voting Booth

Labour’s call for a cap on salary of high earners is?

Previous results · Suggest a vote

Loading...