By Zuko Komisa
Sibanye-Stillwater announced on Wednesday that it had begun restructuring talks with unions at its Beatrix 4 shaft and Kloof 1 factory.
As a result, the company may lay off up to 1,959 workers from its South African gold operations.
This is in accordance with Section 189 of the Labour Relations Act, which looks for ways to avoid retrenchments and redeploy personnel in order to minimize job losses.
Kaya Biz with Gugulethu Mfuphi spoke Andrew Levy, who is a Labour Economist about the impact of this possible Section 189 process
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The restructure was required, according to Richard Stewart, chief officer for Sibanye-southern Stillwater’s Africa area, because the enterprises were losing money that would “threaten the remaining life of mine of the other South African gold operations, and ultimately also the employees of the broader group”
MiningMX reports that Sibanye-Stillwater is due to publish its third-quarter operating results on Thursday.
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