Loading ...Gold Fields workers to strike over planned 1,100 job cuts at South Deep
South African miner Gold Fields (NYSE, JSE:GFI) revealed Thursday the biggest union at its massive, but struggling South Deep mine is going on strike on Friday over the company’s planned job cuts, which Chief Executive Officer Nick Holland has called a “last-gasp measure.”
The gold miner is axing about 1,100 jobs, almost third of the workforce at the mine — its only one left in South Africa — as it mechanizes operations to lower costs and deal with challenging geology.
Gold Fields workers to strike over planned 1,100 job cuts at South Deep