Mineworkers unite and fight for a living wage in South Africa
Mineworkers unite and fight for a living wage R12 500

Loss of profits for mining companies means many jobs are being cut

07 April 2016  

Mine worker Lazarus Khoza says he doesn't want to think about the future. He has worked at Lonmin Platinum Mine in South Africa's northwest province for eight years, but a dramatic decline in commodity prices and loss of profits for mining companies means jobs are being cut.

Lazarus Khoza comments the situation:

We don't know what really happened, because now a lot of employees are stressed about debt. So we don't know how many jobs they're going to be lost.

It's estimated that fifty two thousand jobs are under threat in Africa's most industrialized economy. Many say it's an industry in turmoil with frequent strike action over wages safety issues and escalating electricity in labor costs efforts to cut expenses unavoidable.

Already one in four South Africans is unemployed. Labor unions allied to the governing African National Congress play a significant role in the mining industry. They say they're determined to save as many jobs as possible.

The mining and related industries in South Africa employ one million people, if the largest contributor by value to the government's policy of black economic empowerment. Find mining jobs on Jobin.co.za.

No comments yet on this entry. Share your opinion, write your comment.
Follow us on Social Media
Join us on Facebook and get fresh jobs everyday on your wall.
Follow us on Google+ to reach more information about jobs.
Join us on Linkedin to be notified about jobs for industry experts.
Follow us on Twitter to get job feed on your wall.