More than 2,000 Sibanye-Stillwater workers face retrenchment

JOHANNESBURG - More than 2,000 workers face retrenchment at Sibanye-Stillwater’s gold operations as the company starts restructuring talks with organised labour.

The move comes days after Sibanye secured a five-year wage agreement with mine workers union AMCU at its platinum operations in Rustenburg and Marikana.

READ: Sibanye-Stillwater to restart operations after wage deal signed

The inflation-linked agreement has been widely welcomed as it tames unrest in the profitable sector.

But Sibanye says high costs and depleting reserves at its gold operations at Beatrix means over 2,000 jobs are on the line.