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Lonmin to cut over 1,000 jobs in South Africa

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Staff Writer | October 24, 2017
Lonmin
Africa   Cost pressures

Lonmin plans to cut over 1,000 jobs before Christmas, South Africa's Solidarity union said, due to persistently low commodity prices and rising costs.

"Because of these cost pressures, Lonmin has decided to place a number of its marginal shafts under care and maintenance and that is the reason why the 1,139 workers will be affected," Solidarity, which represents mainly skilled workers, said.

London-listed Lonmin, whose mines are all in South Africa, is also battling a strengthening South African currency and numerous operational issues.


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