Sibanye Stillwater, South Africa’s largest mining sector employer, has announced plans to potentially cut 4,095 jobs as part of a restructuring effort that could involve the closure of four unprofitable platinum group metal (PGM) shafts. The platinum industry has been adversely affected by high operating costs and declining PGM prices. The affected workforce comprises 3,500 permanent employees and 595 contractors. Sibanye Stillwater is engaging in consultations with employee representatives in accordance with South Africa’s labor laws. Two of the shafts are mature, with one already ceased production in 2022, while the other is nearing the end of its operating life.