JSE-listed Sibanye Gold has confirmed that an agreement has been reached with employees and organised labour.

The agreement, which relates to the future of its Beatrix West Section, could see Sibanye Gold shedding about 330 jobs, while the company said that 780 over-complement positions were expected to be reduced.

On 2 April, Sibanye Gold held a Section 189 consultation process, which specifically focuses on finding alternatives to closure and to extending employment to those effected for as long as possible.

The company admitted that alternatives to the eventual termination of operations had not been found, however noted that as a result of a concerted production effort by the Beatrix West team, job losses have largely been limited to development employees, thereby providing continuing employment to stoping employees for longer.

Further, on the 28 May 2013 Sibanye Gold concluded an agreement with organised labour and non-unionised employees to implement a number of measures aimed at temporarily returning the Beatrix West section to profitability. Management has agreed to keep this section open for as long as it remains profitable.

The company said it will continue to try and limit job losses and will attempt to accommodate these employees elsewhere in the organisation, where possible.

“The process has proceeded in a mature manner with management, organised labour, non-unionised employees and all stakeholders contributing positively to the negotiation process and the unfortunate commercial realities,” said Sibanye Gold’s CEO Neal Froneman.

Sibanye Gold advised that if, as a result of the Section 189 process, retrenchments become necessary at any point, such retrenchments will apply in respect of Beatrix West Section only, so as to minimise disruption, job loss and further financial losses on the other sections of the Beatrix operations.

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