South Africa's Kumba Iron Ore plans layoffs - union

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JOHANNESBURG, July 9 (Reuters) - South Africa's Kumba Iron Ore plans to cut around 190 jobs at its Sishen and Kolomela mines, trade union Solidarity said on Thursday.

"Kumba Iron Ore (Other OTC: KIROY - news) ... announced that it would soon start with a large-scale restructuring process at its Sishen and Kolomela mines. Around 190 employees are affected by the process," Solidarity said in a statement.

Kumba's share price fell to a 6-1/2 year low this week, tracking record low iron ore prices in China on weak demand and concerns about a global supply glut in the key steel-making ingredient.

But Dalian iron ore futures rebounded on Thursday, rising as much as 8 percent. Kumba's shares followed suit, jumping over 7 percent.

Steel demand remains soft and this has left traders cautious about the sustainability of the rebound.

Kumba is a unit of global mining giant Anglo American (LSE: AAL.L - news) , which is also trying to divest from its loss-making platinum assets in South Africa in the face of depressed prices. (Reporting by Ed Stoddard; Editing by Joe Brock)