Citing the continuing plunge in the palladium market, Sibanye Stillwater announced Thursday in a letter to employees that it will undergo restructuring and layoffs at its Montana operations.
Executive Vice President Kevin Robertson said in the letter that operations at Stillwater West would be placed "on care and maintenance for now," while the number of employees at its other Montana operations would also be reduced.
"We estimate that this restructure will reduce our total number of employees at our Montana operations from approximately 1,680 on July 31 to just under 1,000 after the layoffs," Robertson states in the letter.
https://www.ktvq.com/news/local-news/sibanye-stillwater-plans-major-restructuring-layoffs-at-montana-operations