Dual-listed Sibanye Gold was set to shed a further 1 500 to 2 000 jobs through “rightsizing” the organisation, as it continued the restructure that enabled the group to bounce back from subpar performance during the second half of last year.
Sibanye on Tuesday posted headline earnings of R880.8-million for the six months to June, which was a substantial increase on the R453.4-million recorded during the six months to the end of December.
Chosen excerpts by Job Market Monitor. Read the whole story at
via Sibanye looking to cut another 2 000 jobs as restructure bears fruit
Related Posts
Mining / South Africa / Amplats to cut 14,000 jobs
Anglo American’s platinum arm is expected to cut 14,000 mining jobs as part of the loss-making business. According to industry sources, the mining company is under pressure from South African government. Anglo American Platinum, the world’s top platinum producer, is battling to restore profits and is planning to cut back production and mothball two mines … Continue reading »
South Africa / Mining bleeds 15,000 jobs in quarter
THE beleaguered mining sector shed 15,000 jobs in the third quarter, reflecting the extent to which the slowdown in global demand for commodities, coupled with disruptive wildcat strikes, had on the sector, a Statistics South Africa jobs survey released on Tuesday showed. The job losses in mining do not bode well for South Africa’s already … Continue reading »
South Africa / Possibly above 10,000 and maybe higher mining jobs cut
South Africa’s mining industry is likely to see mass job cuts following violent strikes that drastically reduced production of gold and platinum, the head of the national mining industry body said on Friday. Bheki Sibiya, chief executive of the Chamber of Mines, said he expected thousands of job cuts in the industry, “possibly going above … Continue reading »
Australia / About 7000 mining jobs gone
ABOUT 7000 jobs have been lost from Queensland’s coal sector in the past 15 months, according to the industry Continue reading »
Layoffs / The Incredible Shrinking Mining Sector
Who will be left to mine the world’s metals and minerals? As prices for gold, silver, copper, uranium, and iron ore continue to fall, miners are increasingly turning to layoffs to help meet the need to contain costs. Continue reading »



Discussion
Trackbacks/Pingbacks
Pingback: Coal Miner in US / Jobs are vanishing | Job Market Monitor - February 14, 2014