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
We've tried voluntary severance packages.— Sven Lunsche, Gold Fields Spokesperson
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...