South African mining company has said that it plans to restructure the group, including potential job losses among its 7300 workforce.
In a statement, the company said that it intended the restructure to “improve productivity and efficiency”, as well as streamlining its corporate and support services. Job losses could be as high 565 from these operations.
The company has informed the relevant trade unions and has begun a process of consultation with affected employees.
“We are doing everything possible to avoid and limit the impact on our employees and the consultation process will examine all options, ”said Mxolisi Mgojo, Exxaro’s CEO.
“The future sustainability of the group remains a pressing need in the context of the challenging business environment in which we operate and we must ensure we have a streamlined and competitive business.”
Edited by Jonathan Rowland.
Read the article online at: https://www.worldcoal.com/coal/21042016/exxaro-to-cuts-jobs-in-restructuring-2016-643/