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,"
"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.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Linda Ikeji to pay NBM of Africa ₦30 million for character defamation
Gov Obaseki declares ₦70,000 minimum wage for Edo workers
2 workers die after bridge under construction collapse in Ebonyi
FCT experiences power outage, AEDC blames technical faults on feeders
Ogun FRSC set to arrest motorists with petrol-filled jerry cans in vehicles
Fruit waste from Ketu market can generate power for homes, markets, industries
Tinubu's 2nd term bid at risk over 'betrayal' of El-Rufai, Yahaya Bello - Sowunmi
EFCC to freeze 1k bank accounts for forex dealings, investigate for 90 days
Osun petroleum agency warns marketers against fuel hoarding, inflating price
ADVERTISEMENT