<\/p>\n
Wesizwe Platinum has entered Section 189 consultations at its Bakubung Platinum Mine in the North West after the company abandoned its current production strategy with immediate effect.<\/p>\n
The move could see the company shed up to 70% of its staff, unless it \u201cconsiders measures and alternatives aimed at avoiding or mitigating potential retrenchments\u201d.<\/p>\n
In place of the former strategy, the miner will pursue a revised development strategy resulting in a reduction in the company\u2019s headcount required to establish and sustain the production profile in the updated business plan.<\/p>\n
\u201cAs part of its ongoing efforts to enhance operational efficiency, Bakubung has determined that a restructuring of its workforce is necessary to ensure the effective and sustainable operation of its business and to achieve a meaningful reduction in operating expenditure,\u201d the parent company, Wesizwe said in a Sens on Thursday.<\/p>\n
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The proposed restructuring is expected to affect approximately 497 employees across various staff levels and disciplines throughout the business.<\/p>\n
\u201cMaintaining the current headcount of 706 employees would not constitute a reasonable or sustainable course of action, as it would fail to address the company\u2019s operational challenges.\u201d<\/p>\n
As part of the consultative process, the Bakubung mine has already temporarily shut down its operations, for a period of three weeks, while \u201cmaintaining the mine in a safe, secure, environmentally compliant and operationally ready condition\u201d.<\/p>\n
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In 2023, the company found itself at odds with its employees when more than 200 disgruntled mineworkers staged a sit-in underground over labour issues, including concerns about retrenchments and demands for pay hikes.<\/p>\n
Wesizwe\u2019s shares remain suspended on the JSE, since June 2025 when the company breached the stock exchange\u2019s listing requirement to publish its audited annual financial statements on time.<\/p>\n
Read: Fuzzy disclosure by mines obscures the truth about rehabilitation<\/p>\n
#Bakubung #Platinum #temporarily #shuts #talks #cut #jobs<\/p>\n","protected":false},"excerpt":{"rendered":"
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