{"id":61685,"date":"2024-02-24T13:51:26","date_gmt":"2024-02-24T13:51:26","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sibanye-cuts-2600-jobs-at-south-african-platinum-mines"},"modified":"2024-02-24T14:35:30","modified_gmt":"2024-02-24T14:35:30","slug":"sibanye-cuts-2600-jobs-at-south-african-platinum-mines","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sibanye-cuts-2600-jobs-at-south-african-platinum-mines","title":{"rendered":"Sibanye cuts 2,600 jobs at South African platinum mines"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>Sibanye Stillwater said it had cut about 2,600 jobs at its South African platinum mines after discussions with labour unions over restructuring unprofitable operations.<\/p>\n

Sibanye said earlier in the week that it expects to report a loss for last year after slumping platinum-group metals and operational problems across its businesses forced the firm to take impairments of R47.5 billion ($2.5 billion).<\/p>\n

In South Africa, Sibanye will close a platinum shaft that ceased production in 2023, lower production at two others and may shutter a fourth if it makes monthly losses.<\/p>\n

The consultation process, which started in October, \u201cachieved the necessary requirement of addressing loss-making operations and ensuring the sustainability of our SA PGM operations,\u201d CEO Neal Froneman said in a statement Friday.<\/p>\n

Almost 1,300 employees accepted voluntary separation or early retirement packages, while 467 people left since September due to \u201cnatural attrition,\u201d the Johannesburg-based firm said.<\/p>\n

The jobs of another 47 employees and 805 contractors were cut.<\/p>\n

The company has already cut nearly 1,500 jobs at its gold operations in South Africa and is reducing the workforce at its high-cost Stillwater palladium mine in the US.<\/p>\n

Sibanye\u2019s South African peers \u2013 Anglo American Platinum and Impala Platinum Holdings \u2013 reported a sharp drop in profits last year.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. Sibanye Stillwater said it had cut about 2,600 jobs at its South African platinum mines after discussions with labour unions over restructuring unprofitable operations. Sibanye said earlier in the week that it expects to report a loss for last year after slumping platinum-group metals and operational problems across its businesses forced the […]<\/p>\n","protected":false},"author":84,"featured_media":61684,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[274,315,275],"class_list":["post-61685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"\nSibanye cuts 2,600 jobs at South African platinum mines - South Africa<\/title>\n<meta name=\"description\" content=\"Sibanye Stillwater said it had cut about 2,600 jobs at its South African platinum mines after discussions with labour un ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sibanye-cuts-2600-jobs-at-south-african-platinum-mines\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sibanye cuts 2,600 jobs at South African platinum mines\" \/>\n<meta property=\"og:description\" content=\"Sibanye Stillwater said it had cut about 2,600 jobs at its South African platinum mines after discussions with labour un ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sibanye-cuts-2600-jobs-at-south-african-platinum-mines\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-24T13:51:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-24T14:35:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2024\/02\/sm_1708772570.257627.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"432\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sibanye-cuts-2600-jobs-at-south-african-platinum-mines#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sibanye-cuts-2600-jobs-at-south-african-platinum-mines\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Sibanye cuts 2,600 jobs at South African platinum mines\",\"datePublished\":\"2024-02-24T13:51:26+00:00\",\"dateModified\":\"2024-02-24T14:35:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sibanye-cuts-2600-jobs-at-south-african-platinum-mines\"},\"wordCount\":218,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sibanye-cuts-2600-jobs-at-south-african-platinum-mines#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2024\/02\/sm_1708772570.257627.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sibanye-cuts-2600-jobs-at-south-african-platinum-mines#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sibanye-cuts-2600-jobs-at-south-african-platinum-mines\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sibanye-cuts-2600-jobs-at-south-african-platinum-mines\",\"name\":\"Sibanye cuts 2,600 jobs at South African platinum mines - 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