Gold Fields says it's left with no choice but to cut jobs

South Africa's Gold Fields plans to cut costs including the cutting of 1 100 jobs.

Gold Fields says it has been having problems at its South Deep mine.

We have been going for 8 years where we have tried numerous interventions.

Sven Lunsche, Gold Fields Spokesperson

READ: Impala Platinum says it is open to any suggestions to help save jobs

We've tried voluntary severance packages.

Sven Lunsche, Gold Fields Spokesperson

ALSO READ: Government working with mining companies to avert job losses

After losing a billion rands per year for the past 4 years, our shareholders rightfully asked us to put a stop to this and it's the first time we've looked at forced retrenchments.

Sven Lunsche, Gold Fields Spokesperson

Listen to what else they plan to do...


This article first appeared on 702 : Gold Fields says it's left with no choice but to cut jobs


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