Lonmin job cuts
Lonmin says more than 12,000 jobs at risk over next three years
Lonmin, the world’s third biggest platinum producer, has faced the combined pressures of low platinum prices and challenges of operating in South Africa.
-
Lonmin engaging stakeholders to minimise job cuts
In October, the platinum miner announced plans to cut over 1,000 jobs due to persistently low commodity prices and rising costs.
-
Lonmin: No decision on social, labour projects spending yet
The mining giant spent almost R300 million in the 2016 financial year on social and labour projects.
-
Amcu vows to halt 32,000 possible job cuts
Joseph Mathunjwa says he’s concerned mine bosses are placing shareholder interests over employee interests.
-
Lonmin says over 5,000 workers leave after restructuring
There’s been some confusion over the process after Amcu said only around 75 Lonmin jobs would be lost.
-
Only 75 out of 6,693 Lonmin employees to lose their jobs
Last year, Lonmin mine announced that 6,693 of its employees would be retrenched over two months.
-
Platinum producer Lonmin cuts jobs and costs
Lonmin aid labour costs fell R194 million in the last three months of 2015 after it shed 5,077 jobs.
-
As Lonmin fights for survival, miners move to cash in and quit
The company is also closing or mothballing several mine shafts and cutting 6,000 jobs.
-
‘It’s in shareholders’ best interests to accept mining company rights offer’
Lonmin has asked investors for more money and warned that if it can’t raise the necessary capital.
-
'Mining job cuts will worsen SA's struggling economy'
The ANC says mining companies must work with govt and review its plans before cutting thousands of jobs.
-
Gold sector unions warned of job cuts
Following an announcement of massive job cuts in the platinum sector, gold sector unions have been warned.
-
Lonmin could retrench 6,000 during restructuring
CEO Ben Magara said the short-term pain was necessary to ensure long-term viability.
-
No forced retrenchments at Lonmin, only voluntary
The mining company says it’s only looking at voluntary retrenchments at this stage, to reduce costs.
-
NUM awaiting Lonmin’s reasons for 3,500 job cuts
Lonmin is said to be planning job cuts in the mining sector in an attempt to withstand low platinum prices.
-
Allegations of transfer pricing against Lonmin
It is alleged Lonmin transferred money to Bermuda to avoid paying taxes.
-
Lonmin: No decision on size, shape of restructuring
The company says its immediate aim is to ramp up production after a crippling five month strike.
-
Amcu unaware of Lonmin retrenchments
Despite reports of Lonmin cutting 5,700 positions, Amcu says it’s not received word from the company.
-
Lonmin denies rumoured job cuts
According to a report, the platinum producers aims to cut around 5,700 jobs.
-
Report: Lonmin aims to cut 5,700 jobs
The plan would see the closure of four to six of the company's 11 shafts.
