Sibanye-Stillwater, a Johannesburg-listed precious metals miner, has revealed plans to restructure four shafts at its South Africa platinum group metal operations. This restructuring may potentially impact over 4,000 employees and contractors.
Closure and Restructuring
According to the company, one of the shafts has already ceased production in 2022, while another is reaching the end of its operating life. The remaining two shafts require restructuring in order to achieve sustainable production.
As an alternative to closure, Sibanye-Stillwater is considering reducing the workforce at two of the shafts.
Consultation with Unions and Employees
The company has emphasized its commitment to consulting with unions and non-unionized employees throughout this process. The objective of these consultations is to explore alternative measures that can minimize job losses and ensure the long-term viability of the Rowland and Siphumelele shafts.
Management and organized labor representatives have already considered various alternatives. The company aims to strike a balance between sustaining its operations and protecting the welfare of its stakeholders.
Commitment to Sustainability
Sibanye-Stillwater acknowledges the importance of engaging in this restructuring process to safeguard the sustainability of its South Africa platinum group metals operations. The company recognizes the significant benefits and value that these operations bring to multiple stakeholders.
For further information, please contact Sibanye-Stillwater.