Telkom rubbishes claims that job cuts target whites

2015-06-23 11:26

Telkom has lashed out at union Solidarity’s claims that it is targeting whites with regard to retrenchments, calling them "inflammatory and misleading".

US deal may cost poultry sector 6 500 jobs

2015-06-10 10:29

The poultry industry could lose up to to R900m in turnover as a result of an agreement to allow duty-free imported chicken from the US, says an industry body.

HSBC to cut global headcount by up to 50 000

2015-06-09 10:58

Scandal-hit bank HSBC says it would cut its global headcount by up to 50 000 as part of a restructuring that entails its withdrawal from Brazil and Turkey.

Mining job-cut plans sidestepping rules: NUM

2015-06-04 19:36

Companies operating mines are sidestepping rules in plans for restructuring that may cut about 20 000 jobs, says the National Union of Mineworkers.

HSBC set to cut thousands of jobs globally

2015-06-02 09:07

HSBC Holdings could announce thousands of job cuts at a strategy day next week, part of its CEO's overhaul plan, according to a report.

Mining minister to look into job cuts

2015-05-15 17:28

Mines minister Ngoako Ramatlhodi is alarmed at the rate of retrenchments in the mining sector and will set up a committee to look into the job losses.

Jobs on the line as Telkom plans to close shops

2015-02-16 15:42

Retrenchments could hit the phone company as it plans to shut down several stores and restructure other parts of its business.

Halliburton to cut up to 8% of workforce

2015-02-11 19:45

Halliburton says it would cut up to 8% of its global workforce in response to crashing oil prices that have depressed petroleum industry investment.

American Express to cut 4 000 jobs

2015-01-22 09:00

American Express plans to cut its workforce to reduce costs, its saying the company will take a $313m charge from its accounts to cover the costs of the layoffs.

Harmony may cut jobs as gold slumps

2014-11-05 10:43

Harmony Gold has reported a further quarterly loss and suggested it might have to cut jobs as it contends with a depressed gold price and operational problems.


Job cuts on cards in mine shake-up, says Amplats

2015-06-23 10:21

Anglo American Platinum says it aims to reconfigure a number of its mines to make them more profitable, a move which could lead to up to 420 job losses.

Telkom confirms plan to shed thousands of jobs

2015-06-09 19:31

Telkom is planning to reduce its employee numbers by up to 7 800, the telecoms company has told Fin24.

NUM says it will fight ‘mass’ mining job cuts

2015-06-05 10:52

The National Union of Mineworkers says it will battle what it sees as a mass retrenchment drive by major companies in the mining industry.

Harmony plans to soften job cut blow

2015-06-02 20:15

Harmony Gold aims to minimise redundancies at the loss-making Doornkop mine its is trying to revamp, after NUM said 3 000 jobs could be lost.

Harmony to slash more than 3 000 jobs - NUM

2015-05-29 20:00

Gold producer Harmony Gold is in talks with unions to cut more than 3 000 jobs at its Doornkop mine, says the National Union of Mineworkers.

France's Areva to cut 1 500 jobs in Germany

2015-03-12 19:15

French nuclear group Areva, which has incurred massive losses, is looking to cut around 1 500 jobs in Germany by the end of 2017.

Telkom denies up to 10 000 could lose jobs

2015-02-16 14:10

Fixed-line phone operator Telkom is planning "major restructuring" that could result in up to 10 000 job losses, says Solidarity Union.

Siemens to slash 7 400 jobs - source

2015-02-05 19:15

German engineering giant Siemens is planning to cut around 7 400 jobs, perhaps 3 300 in Germany as part of on-going mass restructuring plan.

AngloGold Ashanti plans to cut jobs

2014-11-11 13:15

AngloGold Ashanti is planning to cut staff through voluntary severance packages as the bullion producer feels the pinch of lower gold prices and rising costs.

Rolls Royce to cut 2 600 staff

2014-11-04 16:45

British engineer says it will cut 2 600 jobs over the next 18 months, slashing costs just three weeks after a major profit warning.

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