SA’s ‘welfare state’ is in trouble
The government has to make tough decisions about social grants in the face of poor economic performance
Job Cuts
Gold Fields set to cut jobs in restructure
The mining company is set to cut more jobs despite numerous restructuring efforts
Amplats to cut 4 800 jobs
Anglo American Platinum, the world’s top platinum producer, has said it will shed around 4 800 jobs through its restructuring process.
Sibanye Gold plans to shed 1 600 jobs
At least 1 600 jobs could be affected at Sibanye Gold as it restructures its support services, says the company.
Grim outlook for jobs in short term
Unemployment is set to worsen globally, posing the risk of social unrest as inequality worsens.
Sibanye gets leaner as Beatrix woes bite into head count
No surprises at the announcement of plans to cut 1 100 positions.
NUM: Amplats showed its stakeholders the middle finger
The National Union of Mineworkers will oppose the retrenchment of 6 000 workers at Anglo American Platinum, the union has said.
Amplats’s planned job cuts raises Cosatu’s ire
The Congress of South African Trade Unions has expressed outrage over Anglo American Platinum’s announcement that it will cut 6 000 jobs.
Minister shocked by Amplats’s 14 000 job cuts
Plans by Anglo American Platinum to cut 14 000 jobs has come as a shock to the government, said Mineral Resources Minister Susan Shabangu.
Standard Bank to cut jobs
Standard Bank has said it would cut up to 15% of its staff in London to save $100-million, as the bank scales back operations outside Africa.
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Sappi to rejig business, slash jobs
Paper maker Sappi says it will be cutting jobs and restructuring its operations to rein in costs and focus on higher margin businesses.
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HSBC confirms 30 000 jobs will go
HSBC’s new chief executive says the positions will go worldwide over the next three years after announcing first-half profits up 3% to $11.5-billion.
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Economic crisis could lead to 300 000 job losses
The economic crisis could lead to over 300 000 job losses, economist Mike Schussler said in the 8th United Association of SA Employment Report.
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Motor industry loses thousands of jobs in 2008
The motor manufacturing industry lost 2 566 jobs in 2008, the National Association of Automobile Manufacturers of South Africa said on Wednesday.
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Japan megabank to cut 1 000 jobs
Japan’s biggest bank Mitsubishi UFJ Financial Group said on Monday that it would cut 1 000 jobs and close 50 branches over three years.
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Nokia to cut another 1 700 jobs
Nokia, the world’s leading cellphone maker, said on Tuesday it planned to cut another 1 700 jobs worldwide.
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Miners allegedly fired over refusing HIV test
More than 100 workers at Xstrata Alloy’s smelter in Rustenburg in the North West have been fired.
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Zuma: Tourism industry must protect jobs
The tourism industry should do ”everything possible” to protect jobs in light of a ”looming recession”, ANC president Jacob Zuma said on Tuesday.
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Downturn costs 8 200 mining jobs in Zambia
About 8 200 mining jobs in Zambia have been lost since December as the global economic crisis sends copper prices down.
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De Beers halts mining in Botswana
The world’s diamond giant is halting mining in Botswana for the next seven weeks as the global recession takes it toll on gem demand.
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DA says Manuel must rush to save jobs
The DA on Tuesday said Finance Minister Trevor Manuel and government’s new economic task team must act faster to save local jobs.
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Solidarity hits back at Lonmin job cuts
Solidarity on Tuesday hit back at Lonmin which earlier said it had reached "an agreement" with trade unions to retrench 4 000 employees.
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Dark times befall China’s drifting migrants
The farmlands of central China hold no future for Li Honglin, but she’s trapped there until word comes from a clothing factory where she used to work.
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Anglo scraps final dividend, shares tumble
Anglo American scrapped its 2008 final dividend on Friday to conserve cash and said it will cut 19 000 jobs.
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Planned job cuts at 35 000
Planned retrenchments currently stood at 35 000 for all sectors of the domestic economy, trade union Solidarity said on Tuesday.
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Barclays to cut another 2 100 jobs
Barclays Plc said it is cutting more UK-based jobs, which is likely to take job losses at the British bank to 4 600 in the past week.
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Sanyo to cut a thousand workers
Electronics company scales back unprofitable businesses ahead of an expected buyout
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Mine retrenchments could be cut by 60%, says Solidarity
Retrenchments in the South African mining industry could be reduced by 40% to 60%, Solidarity deputy general secretary Dirk Hermann said on Thursday.
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Aquarius to lay off 2Â 000 workers
Nearly 2 000 mine workers will lose their jobs following a decision by Aquarius Platinum to suspend operations at its Everest mine.
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eBay spends billions while cutting jobs
It is also buying a Danish online classifieds site, dba.dk, and a vehicles website, bilbasen.dk, for $390-million.
