Gold Fields says it's left with no choice but to cut jobs

South Africa's Gold Fields plans to cut costs including the cutting of 1 100 jobs.

Gold Fields says it has been having problems at its South Deep mine.

We have been going for 8 years where we have tried numerous interventions.

Sven Lunsche, Gold Fields Spokesperson

READ: Impala Platinum says it is open to any suggestions to help save jobs

We've tried voluntary severance packages.

Sven Lunsche, Gold Fields Spokesperson

ALSO READ: Government working with mining companies to avert job losses

After losing a billion rands per year for the past 4 years, our shareholders rightfully asked us to put a stop to this and it's the first time we've looked at forced retrenchments.

Sven Lunsche, Gold Fields Spokesperson

Listen to what else they plan to do...


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