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Lonmin to cut over 1 000 jobs in SA – Solidarity

Citing low commodity prices and rising costs as the reason.

Platinum miner Lonmin plans to cut over 1 000 jobs before Christmas, Solidarity union said on Monday, due to persistently low commodity prices and rising costs.

“Because of these cost pressures, Lonmin has decided to place a number of its marginal shafts under care and maintenance and that is the reason why the 1 139 workers will be affected,” Solidarity, which represents mainly skilled workers, said.

London-listed Lonmin, whose mines are all in South Africa, is also battling a strengthening South African currency and numerous operational issues.

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