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SA coal giants consider job cuts due to dire Transnet rail woes

Coal giants Glencore and Seriti are contemplating significant job cuts in SA due to challenges caused by Transnet.

South africaKwazulu natalRichards baySeriti klipspruitCyril ramaphosaPaul burkhardtNational union of mineworkersAfrican national congressGlencore plcExxaro resources ltdSeriti resources holdings ltdThungela resources ltdSeriti resources holdingsBiznews insiderSeriti weigh job cutsSouth africa due

Glencore and Seriti Weigh Job Cuts in South Africa Due to Dire Train Situation

(Bloomberg) Glencore Plc and Seriti Resources Holdings Ltd. are in talks to cut hundreds of jobs in South Africa as their ability to export coal is stymied by inefficiencies at the state-run freight company.Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlDimon Warns 7% Fed Rate Still Possible, Times of India SaysRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownStocks Wobble on Trader Jitters Ahead of Fed Speak: Markets Wrap

South africaRichards bayKwazulu natalBloomberg businessweekCyril ramaphosaSeriti klipspruitExxaro resources ltdNational union of mineworkersBloomberg glencore plcAfrican national congressSeriti resources holdings ltdSeriti resources holdingsRichards bay coal terminalNational unionPresident cyril ramaphosaChief financial officer doug gain

Glencore and Seriti Weigh Job Cuts in South Africa Due to Dire Train Situation

Glencore and Seriti Weigh Job Cuts in South Africa Due to Dire Train Situation
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

South africaRichards bayKwazulu natalSeriti klipspruitCyril ramaphosaBloomberg glencore plcAfrican national congressExxaro resources ltdNational union of mineworkersSeriti resources holdings ltdSeriti resources holdingsRichards bay coal terminalNational unionPresident cyril ramaphosaChief financial officer doug gainAfrican national

Glencore, Seriti weigh job cuts in South Africa due to dire train situation

Glencore, Seriti weigh job cuts in South Africa due to dire train situation
miningweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miningweekly.com Daily Mail and Mail on Sunday newspapers.

South africaRichards bayKwazulu natalSeriti klipspruitCyril ramaphosaAfrican national congressNational union of mineworkersSeriti resourcesRichards bay coal terminalNational unionPresident cyril ramaphosaChief financial officer doug gainExxaro resourcesAfrican national

Glencore and Seriti weigh job cuts in SA due to dire train situation

Transnet, which transports the fuel from mines in Mpumalanga province to Richards Bay Coal Terminal, has been hobbled by sabotage, cable theft and aging equipment.

Kwazulu natalSouth africaRichards bayCyril ramaphosaSeriti klipspruitSeriti resources holdingsAfrican national congressNational union of mineworkersRichards bay coal terminalNational unionPresident cyril ramaphosaChief financial officer doug gainExxaro resourcesAfrican national