JOHANNESBURG - Sibanye-Stillwater said on Wednesday that it has reduced the number of workers to be laid off to 3,450 after concluding the section 189 consultation process at its South African gold operations.
In February, Sibanye announced a proposed restructuring of its SA gold operations and associated services due to ongoing financial losses experienced at the Beatrix 1 shaft and Driefontein 2,6,7 and 8 shafts since 2017. Approximately 5,870 employees and 800 contractors were potentially going to be affected by the restructuring.
In a statement on Wednesday, Sibanye said the outcome of the S189 process, following consultations with stakeholders, was that job losses were nearly halved, with approximately 3,450 employees finally affected by the restructuring.
Sibanye said the bulk of the affected jobs was accounted by voluntary separation, early retirement and natural attrition, with forced retrenchments limited to approximately 800 employees and 550 contract workers.
The miner said agreements have been reached with stakeholders that Driefontein 8 shaft will remain in operation for as long as it makes a profit, on average, over any continuous period of three months, after accounting for all-in sustaining costs, providing extended employment for approximately 970 employees and 55 contractors.