Sibanye-Stillwater, a South African mining company, has issued retrenchment notices at its Kloof 4 shaft, potentially affecting around 3 000 workers. This move follows ongoing losses over an extended period and operational constraints at the Kloof 4 shaft, including seismicity and cooling issues, which have contributed to sustained losses, even at recent high gold prices. The recent incident at the Kloof 4 shaft, which caused significant damage to the shaft infrastructure, has further worsened the situation. The potential restructuring could affect 2 389 employees and 581 contractor employees. Sibanye-Stillwater will engage in consultations to consider measures to avoid and mitigate possible retrenchments.
