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July 2, 2024
PI Global Investments
Gold

Sibanye Restructuring to Put 4,000 More Jobs at Gold Mines at Risk


Sibanye Stillwater Ltd. said it will enter talks with labor unions about a proposed restructuring at some of its South African gold operations that could impact more than 4,000 people.

The announcement comes after the Johannesburg-listed miner already shed a similar number of workers across its gold and platinum-group metals assets since late last year. The latest talks about job losses relate to a loss-making shaft at the Beatrix mine and a plant at the Kloof project, Sibanye said in a statementBloomberg Terminal Thursday.



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