According to management, the move has been influenced by the rising cost of production which has been compounded by the energy crisis, challenging business environment and the marginal hikes in utility tariffs.
The recent layoffs could bring the total number of retrenched Goldfields workers to about 700.
Some 500 workers had been already laid off between the end of last year and early this year.
Country manager at Goldfields Ghana, Alfred Baku told Joy Business, the marginal hikes in utility tariffs announced yesterday could worsen the situation in the coming months.
Although Alfred Baku acknowledges that the situation might put a lot of burden on the families of the workers, keeping them at post will affect the company’s productivity.
Earlier this month, the Coca-Cola Bottling Company laid off over 250 of its employees as part of efforts to keep it in business.
The Company attributed the layoffs to the current power crisis and the worsening effect on its operations.
In a related development Chief Executive the Chamber of Mines, Suleman Koney says they are engaging the mining firms to look at cutting back on other areas rather than just resorting to layoffs.
Another mining firm Newmont is currently in negotiation to lay off some of its workers.