Sibanye could cut over 4 000 platinum jobs, including at Marikana

Sibanye-Stillwater has launched a retrenchment process that could affect over 4 000 employees at four shafts and associated services at its South African platinum operations.

In the face of high operating costs and lower commodity prices, the precious metals producer on Wednesday announced plans to enter into consultations with organised labour and other affected non-unionised employees regarding the possible restructuring of four shafts.

The group said the proposed restructuring could affect up to 4 095 workers, comprised of 3 500 employees and 595 contractors,