{"id":16032,"date":"2012-10-31T20:18:24","date_gmt":"2012-10-31T18:18:24","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/lonmin-job-cuts-could-bring-more-unrest-in-south-african-mines\/"},"modified":"2012-10-31T20:18:24","modified_gmt":"2012-10-31T18:18:24","slug":"lonmin-job-cuts-could-bring-more-unrest-in-south-african-mines","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/lonmin-job-cuts-could-bring-more-unrest-in-south-african-mines\/","title":{"rendered":"Lonmin job cuts could bring more unrest in South African mines"},"content":{"rendered":"

\t\t<\/span><\/p>\n

By Sherilee Lakmidas<\/span><\/p>\n

<\/span><\/p>\n

JOHANNESBURG<\/span> Oct 31 (Reuters) – Lonmin
\nmanagement and workers appeared on Wednesday to be shaping up
\nfor a new battle after the strike-hit mining company said jobs
\nwould be cut.<\/p>\n

<\/span><\/p>\n

The world’s third largest platinum producer, Lonmin is
\nscrambling to get back on its feet after a violent six-week
\nstrike at its Marikana mine that crippled production and led it
\nto ask shareholders for $800 million in a rights issue on
\nTuesday.<\/p>\n

<\/span><\/p>\n

It also gave unions notice of a restructuring, with proposed
\njob losses in its 25,000-strong work force expected to be
\nimplemented in early 2013.<\/p>\n

<\/span><\/p>\n

“We haven’t decided how many employees will be impacted.
\nWhat we have said is we are freezing our production target at
\n750,000 ounces for the next two years,” Lonmin spokeswoman Sue
\nVey said.<\/p>\n

<\/span><\/p>\n

“What we are doing is shaping the business accordingly.”<\/p>\n

<\/span><\/p>\n

The company had said earlier the strike would cause it to
\nmiss targets. With production almost halving in the three months
\nto Sept. 30, it has postponed its aim of increasing output to
\nmore than 900,000 ounces a year.<\/p>\n

<\/span><\/p>\n

The National Union of Mineworkers (NUM) said it would fight
\nany job cuts.<\/p>\n

<\/span><\/p>\n

“Of course, we are in principle opposed to retrenchments. We
\nwill discourage them from going on a restructuring process that
\nwould see any jobs being lost,” NUM spokesman Lesiba Seshoka
\nsaid.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

By Sherilee Lakmidas JOHANNESBURG Oct 31 (Reuters) – Lonmin management and workers appeared on Wednesday to be shaping up for a new battle after the strike-hit mining company said jobs would be cut. The world’s third largest platinum producer, Lonmin is scrambling to get back on its feet after a violent six-week strike at its […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-16032","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=16032"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16032\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=16032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=16032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=16032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}