South Africa's Sibanye Gold said on Monday it started talks with unions for job cuts at its Cooke 4 mine as it had failed to stem heavy losses at the operation.
Sibanye Gold to cut jobs at loss-making Cooke 4 mine
"It is unfortunate that, despite the joint efforts of stakeholders, the Cooke 4 operations have been unable to meet required production and cost targets and has continued to operate at a loss,"
A sign board is seen near the Sibanye gold mine in Westonaria, west of Johannesburg, South Africa, April 6, 2016.
"It is unfortunate that, despite the joint efforts of stakeholders, the Cooke 4 operations have been unable to meet required production and cost targets and has continued to operate at a loss," said the chief executive of Sibanye's Gold operations Wayne Robinson.
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