Sibanye Stillwater layoffs, on the record
Every job cut, severance charge and restructuring Sibanye Stillwater reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2024 | 72,423 | end of 2024 |
Job cuts, severance and restructuring
Our summaryFurther restructuring of the US PGM operations, expected to cut 2025 operating costs and capex.
Word for word“This next phase of restructuring, announced in September 2024 and concluded during Q4 2024, is expected to reduce operating costs for the US PGM operations for 2025 by approximately US$140 million and capex by US$50 million to align with the lower planned production rate compared with 2024.” 20-F for 2024
Our summaryRestructuring costs were incurred in 2024, mainly at the SA gold, SA PGM, Protection Services and US PGM operations.
Word for word“Restructuring costs of R550 million (US$30 million) (2023: R515 million or US$28 million) were incurred during 2024 which mainly related to the SA gold operations (R144 million or US$8 million) (2023: R114 million or US$6 million), SA PGM operations (R269 million or US$15 million) (2023: R351 million or US$19 million), Protection Services (R11 million or US$1 million (2023: nil) and US PGM operations (R126 million or US$7 million) (2023: R41 million or US$2 million).” 20-F for 2024
Our summaryRestructuring at the SA region closed end-of-life shafts and plants, restructured loss-making shafts, and right-sized SA regional services.
Word for word“The restructuring at the SA region resulted in the closure of end-of-life shafts and plants including Beatrix 4 shaft, Kloof 4 shaft, Kloof 2 plant, Simunye shaft (Kroondal) and 4 Belt shaft (Marikana) and the restructuring of loss-making shafts which included Siphumelele (Rustenburg), Rowland (Marikana) and Beatrix 1 shafts which also necessitated the consequential right-sizing of the SA regional services.” 20-F for 2024
Our summaryThe Stillwater West mine was placed on care and maintenance.
Word for word“The Stillwater West mine has been placed on care and maintenance, with production focusing on lower volume, higher margin production from the East Boulder and Stillwater East mines.” 20-F for 2024
Our summaryOngoing restructuring at the Sandouville refinery, alongside the US PGM restructuring, is expected to reduce losses in 2025.
Word for word“The further restructuring of the US PGM operations in Q4 2024 and ongoing restructuring at Sandouville, are expected to significantly reduce losses from these operations for 2025 relative to 2024, strengthening the Group’s earnings outlook.” 20-F for 2024
Our summaryThe Burnstone project was placed on care and maintenance as part of capital preservation.
Word for word“In light of these challenges, the Group focused on capital preservation opportunities which for example, included placing the Burnstone project on care and maintenance and proactively implemented various balance sheet reinforcement measures, whilst maintaining liquidity which ensures that the Group is able to execute on its planned capital commitments for 2025.” 20-F for 2024
Our summaryThe company restructured its operations in 2024, affecting many employees mainly in the US and SA.
Word for word“In 2024, we restructured our operations, which impacted many employees in the US and SA primarily.” 20-F for 2024
Our summaryThe company recorded restructuring costs for 2025 that included voluntary separation packages.
Word for word“Restructuring costs of R 247 million ( 2024 : R 550 million , 2023 : R 515 million ) were incurred in 2025 and included voluntary separation packages.” 20-F for 2025
Our summaryThe company restructured its US PGM operations and placed the Stillwater West mine on care and maintenance at the end of 2024, which lowered 2025 production.
Word for word“Mined PGM production from the US PGM operations in 2025 of 284,069 2Eoz was 33% lower mainly due to the reduced production profile following restructuring undertaken during 2024 in which the Stillwater West mine was placed on care and maintenance from the end of 2024 .” 20-F for 2025
Our summaryThe company incurred restructuring costs at its Sandouville nickel refinery in 2025.
Word for word“Restructuring costs incurred at Sandouville amounted to R 170 million .” 20-F for 2025
Sibanye Stillwater has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Sibanye Stillwater’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-04-24. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.