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Mines minister concerned about Gold Fields job cuts - Moneyweb

Tuesday, 14 August 2018

Gwede Mantashe says some companies are were not ‘meaningfully engaging’ with department on their restructuring plans.

South Africa mines minister said on Tuesday he was concerned by bullion miner Gold Fields’ plan to cut around 1 100 jobs without due regard to processes outlined in the Mineral and Petroleum Resources Development Act.

Mineral Resources Minister Gwede Mantashe said some companies were not meaningfully engaging with the department on their restructuring plans but “only brief us as a mere formality or tick-box exercise.”

Read: Gold Fields plans to slash jobs in mine restructure

Gold Fields said it would cut around 30% of its workforce at its South Deep mine, soon after Impala Platinum announced plans to slash about a third of its workforce.

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