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Sibanye says over 6 000 jobs could be at risk

As it enters into a restructuring process at its unprofitable gold mines.

Arabile Gumede and Nastassia Arendse / 15 February 2019 11:07  No comments so far




Sibanye-Stillwater says that more than 6 000 jobs could be at risk should the miner launch a formal process of restructuring at five of its loss-making gold mines. This comes as the company narrows its full-year loss to R1 billion. Sibanye says numerous initiatives to contain losses at the affected mines have proved unsuccessful.

Thabisile Phumo, vice president and head of stakeholder relations at Sibanye-Stillwater, talks to Classic Business Breakfast with Moneyweb about how the company plans to proceed in light of the above.


https://www.moneyweb.co.za/moneyweb-radio/sibanye-to-cut-ove…
 
aus der Diskussion: Sibanye Stillwater (zuvor: Sibanye Gold) - Schnelles Wachstum, hohe Dividende!
Autor (Datum des Eintrages): TommyX11  (15.02.19 11:52:07)
Beitrag: 676 von 2,211 (ID:59882026)
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