Eskom’s largest black-controlled coal supplier Seriti Power has launched a retrenchment process at its Klipspruit Colliery which could affect about 800 workers.
The mine is strained from operational challenges, lower prices and rail woes, and the group says if no action is taken it could lose close to R1 billion this year alone, putting the whole group at risk.
Seriti Power - which consists of collieries acquired from South32 in 2021 – employs 3 554 permanent employees in South Africa, 826 of which work at Klipspruit in Mpumalanga.