Sibanye Gold has reached an agreement with unions to cut fewer jobs than initially anticipated at its Cooke 4 operation.
Agreement details
The agreement includes the cutting of 392 jobs instead of the earlier anticipated 1776 jobs. In addition that agreement states that unions pledge not to embark in any strike action related to wages in 2015.

The statement indicates that no forced retrenchments were implemented, with the required reduction in the employee complement primarily achieved through voluntary separation packages and voluntary early retirement. In order to minimise job losses, vacancies were filled at other Group operations and contractors were displaced where possible, and those positions were filled with affected employees from the Johannesburg based mine.

Neal Froneman, CEO of Sibanye Gold said in the statement:

“I am very pleased that we have again, with the co-operation of our employees and organised labour, managed to arrive at a mutually agreeable outcome. The measures we agreed on have been implemented at the Cooke 4 mine and I am confident that the Cooke 4 business unit is suitably positioned to achieve the required productivity and profitability levels, which will ensure operational sustainability.”