Bankers in Europe have the most to fear in 2016 job cuts

2016-02-03 14:02

Rarely has an industry lost so many jobs with such little effect, while HSBC has frozen hiring and pay and Barclays plans to cut 1 200 investment banking jobs.

Kumba to cut jobs, downsize flagship mine

2016-01-28 11:20

Kumba Iron Ore has said it would scale back operations, cut costs and planned to reduce jobs at its Sishen mine, sending its shares 5% higher.

HSBC to cut 2 000 commercial banking jobs

2015-11-24 12:01

HSBC Holdings is eliminating 2 000 jobs in its commercial bank as part of a plan to cut costs, according to a person briefed on the matter.

Standard Chartered cuts 15 000 bank jobs

2015-11-04 16:14

Standard Chartered is to axe 15 000 jobs and raise $5.1bn, as it revealed it was facing British probes, including one over anti money laundering oversight.

Tata Steel may cut about 1 200 UK jobs in restructuring

2015-10-21 09:28

Tata Steel, the biggest steel maker in Britain, may cut about 1 200 jobs as part of plans to restructure its struggling operations, the company has said.

Air France fracas makes mockery of France - minister

2015-10-06 11:56

Air France is in a fragile financial condition but its renationalisation is not on the agenda, a day after violence by employees interrupted a meeting about drastic cost cuts.

Glencore to cut another 340 jobs in SA

2015-10-01 13:37

Glencore is cutting a further 340 jobs in South Africa as the company closes depleted coal mines to withstand a downturn in commodity prices.

New mines minister has no track record - union

2015-09-24 15:35

Former Free State government official Mosebenzi Joseph Zwane has no track record to be mines minister, Amcu has said in response to SA's latest cabinet reshuffle.

Huge focus on platinum in SA mine jobs plan

2015-08-26 12:17

The mining industry, unions and the government have committed to a broad plan to stem job losses, including promoting platinum as a central bank reserve asset.

AngloGold mulls harvesting mines as gold price sinks

2015-08-17 10:53

Africa's top bullion producer, AngloGold Ashanti, could begin "harvesting" some of its mines if the gold price sinks below $1 000 an ounce, says its chief executive.


Lonmin continues to cut jobs and costs

2016-01-28 11:24

Platinum producer Lonmin will continue to review its services and reduce costs, mainly through job cuts, as the slide in the price of its main commodity bites further.

Shell says to cut 2 800 jobs after BG takeover

2015-12-14 15:19

Royal Dutch Shell has said it planned to cut 2 800 jobs following its mega takeover of smaller rival BG Group.

ArcelorMittal to slash jobs, exports from Liberia

2015-11-18 12:58

ArcelorMittal plans to cut up to 450 jobs in Liberia and lower iron ore exports from the West African nation as it battles to reduce costs.

Telkom staff cuts to cost R1.5bn

2015-11-03 10:26

Fixed-line telecoms provider Telkom has made a provision of R1.5bn for voluntary severance and retirement packages affecting 3 108 staff.

Areva says to cut 2 700 jobs in France by 2017

2015-10-21 08:56

Areva is planning to cut 2 700 jobs in France by 2017 as it restructures, the French nuclear group said in a statement.

Rolls-Royce to cut more staff at its marine unit

2015-10-05 08:49

Rolls-Royce says it will cut another 400 jobs at its marine-engines arm as the oil price decline continues to weigh on demand for the specialist offshore vessels.

UK manufacturers cutting jobs points to concerns

2015-10-01 11:00

UK manufacturing has grown at a sluggish pace and employment fell for the first time in more than two years, indicating concern among executives about the outlook.

Jobs away: Mbete rejects ‘Gigaba Visa’ parliament debate

2015-08-31 14:47

The DA's James Vos says Baleka Mbete's rejection of the call for a debate on the new visa rules is a clear indication of the ANC’s indifference towards unemployment.

Over 45 000 SA jobs under fire, says union

2015-08-18 12:49

Employees in the mining, telecommunications and metal industries have been affected the most in 2015 as 58 firms cut at least 45 000 jobs, says trade union Solidarity.

Amcu preparing for the 'mother of all struggles'

2015-08-13 15:28

Mineworkers' union Amcu is preparing for the "mother of all struggles" in its fight against job cuts in the mining sector, says its president Joseph Mathunjwa.

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