Loading ...Gold Fields boss says South Deep lay-offs are ‘last-gasp measure’
South African miner Gold Fields (NYSE, JSE:GFI) planned job cuts at its massive, but struggling South Deep mine is really the company’s “last-gasp measure”, Chief Executive Officer Nick Holland said on Wednesday.
The Johannesburg-based firm revealed Tuesday its intention to axe about 1,560 jobs between employees and contractors to reduce activity and lower costs at the mine — its only one left in South Africa.
Gold Fields boss says South Deep lay-offs are ‘last-gasp measure’