• SA cities need foreigners

    We need to protect our cities' cosmopolitan nature, says Mzwandile Jacks.

  • Am I a racist?

    Does hating government's arrogance, nepotism and greed make me a bigot, asks Anton Ressel.

  • Recipe for disaster

    Malema's flames of frustration are fuelling white extremism, says Leopold Scholtz.

Loading...
See More

Sibanye Gold to retrench 1 110 workers

May 30 2013 09:03

(http:www.shutterstock.com)

Related Articles

NUM to oppose Amplats retrenchments

Dark days for Amplats workers

Shocked miners plan next Amplats move

Miners won't stand for Amplats job cuts

Cosatu: Farm job cuts are spiteful

Amplats miners halt strike for now

 

Johannesburg - Sibanye Gold will retrench 1110 workers at its Beatrix West mine in the Free State, Business Day newspaper reported on Thursday.

Up to 3 000 jobs could be cut at Beatrix West after a fire caused the mine to shut down in February.

Sibanye Gold chief executive officer Neal Froneman said 1 110 jobs would be cut with 330 workers developing and opening new areas of the mine being affected.

Another 780 jobs would be cut from the entire Beatrix mining operation in the Free State, it was reported.

Sibanye Gold was formed when Gold Fields unbundled three old deep-level gold mines in South Africa into a listed company.

"A lot of positive things can happen, but the companies can't keep taking risks and being charitable institutions, because it has knock-on effect on the rest of the business," Froneman told the newspaper.

He praised the unions, including the Association of Mineworkers and Construction Union, for playing their part in keeping the mine open, it was reported.

"We did it by the book.

"The unions came up with some solutions and we were flexible in our thinking. This is the end result," Froneman was quoted by Business Day as having said.

 


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

amcu  |  sibanye gold  |  johannesburg  |  retrenchments  |  mining

 
 
 

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
4 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Must see! The most luxurious dog house!

This dog house comes with a treadmill and hot tub, you have to see it!

 
 

Luxury living

WIN!
Ridiculous demands people with too much money make
8 of the priciest places to dock your yacht
Habits of the world’s richest people

Money Clinic

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

Voting Booth

Government’s call for the private sector to add power to the grid is:

Previous results · Suggest a vote

Loading...