Simmers & Jack Mines Lay off Job Cut: fires 500 employees

This time, the South African Firm, Simmers & Jack Mines has decided to go for the lay offs. It is learnt that the Mining company of South Africa has decided to fire some 500 employees. There are many lay offs in the mining sector.

It is learnt that the South African miner Simmers & Jack will fire as many as 500 workers.

Where will the Simmers & Jack Mines Lay off Job Cut take place?
Simmers & Jack Mines Lay off Job Cut will be at its Buffelsfontein Gold Mine (BGM).

When will the Simmers & Jack Mines Lay off Job Cut happen?
It is reported that the lay offs will happen within the next two months if the mines fails to meet expected targets.

What are the reasons quoted by manangement for Simmers & Jack Mines Lay off Job Cut?

The increasing cost of mining and materials, is the major cause reported by the management. Moreover, the current financial turmoil has ensured that there is a decline in demand and high volatility in the prices have led to this lay off decision.

Simmers said this optimisation process was aimed at those sections of the mine that needed to improve operating margins, including No. 12 shaft and smaller parts of the mine's six other operational shafts.

Its six operating shafts include the high-grade No. 5 shaft which is being refurbished and is on track for completion in March 2009, the company said.

The bulk of the mine's underground production currently comes from the No. 6, 7 and 8 shafts.

Simmers & Jack said last month it would build up it projects more slowly and selectively due to the global credit crunch.

Let's hope that alternative jobs are available to the affected employees of Simmers & Jack Mines Lay off Job Cut.