Amcu to share details of strike against job cuts at Sibanye-Stillwater

The mine incurred a R1 billion loss at its gold operation, resulting in mass restructuring.

FILE: Amcu President Joseph Mathunjwa. Picture: @_AMCU/Twitter

JOHANNESBURG - Mining union Amcu says it will on Wednesday morning share details of its planned secondary strike against the risk of 6,000 job losses at Sibanye-Stillwater.

The mine incurred a R1 billion loss at its gold operation, resulting in mass restructuring.

Amcu is calling on shareholders at Sibanye-Stillwater to disinvest as a form of protest against the company's management.

The union's president, Joseph Mathunjwa, says these investments are only benefiting those at the top.

"If Neal Froneman receives R17,000 an hour and a rock drill operator doesn't even get R17,000 a month, can an executive looting R151 million per annum [understand that] there are workers toiling under severe conditions [who] are the ones that aren't receiving anything out of this [sic]."