Sibanye-Stillwater impacted by various pressures, Eskom

JOHANNESBURG - The national Union of Mineworkers says it is shocked by Sibanye-Stillwater's announcement of possible retrenchments.

The Sibanye-Stillwater management hopes to limit the extent of job cuts.

This comes after they announced a Section 189A process which could impact over 3,000 workers and contractors in their gold operations.

This is mainly due to lower production and also comes at a time where wage negotiations are due to start.

Meanwhile, Sibanye-Stillwater's James Wellstead says there are a number of challenges that have contributed to the company looking into restructuring the gold operations.

He says the restructuring is necessary to maintain sustainable operations.