Glencore Mulls Job Cuts at South African Ferrochrome Venture

Miningweb: Eskom tariffs and Chinese competition drive Glencore-Merafe retrenchments, threatening thousands of jobs

Glencore-Merafe JV in South Africa to restructure, risking 3,000+ jobs amid high electricity costs and industry challenges.

Glencore Mulls Job Cuts at South African Ferrochrome Venture

Glencore Plc’s ferrochrome venture in South Africa said it’s started restructuring talks that may lead to job losses months after shuttering some of its plants.

Glencore may cut jobs at South African ferrochrome venture

Glencore Plc, the Swiss commodities group led by South African executive Gary Nagle, has opened a consultation process at its South African ferrochrome joint venture with Merafe Resources, signaling the possibility of job losses. The move comes just months after some of the venture’s smelters were taken offline.The talks focus on two plants that were shut in May, part of ongoing measures to address rising economic pressures. Since 2020, four of …

Glencore initiates job cuts at South African ferrochrome and vanadium operations

Glencore has started a retrenchment process at its Rustenburg ferrochrome smelter and vanadium operations in South Africa.The post Glencore initiates job cuts at South African ferrochrome and vanadium operations appeared first on Mining Technology.

Glencore plans job cuts at South African ferrochrome and vanadium operations

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Glencore-Merafe may cut thousands of jobs at idled ferrochrome facilities

THOUSANDS of jobs will be affected in terms of a restructuring announced by the Glencore-Merafe Joint Venture, South Africa’s largest ferrochrome producer. Merafe Resources said in a statement to the Johannesburg Stock Exchange on Monday afternoon that it had through the joint venture initiated a restructuring process in terms of Section 189 of the Labour Relations Act. “Shareholders are hereby advised that whilst collaborative engagement with a…