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3700 jobs to be affected at Amplats
Manage episode 430300147 series 2825635
Anglo American Platinum (Amplats) has finalized its retrenchment process, with roughly 3,700 jobs affected across its operations in South Africa. The retrenchments are reportedly a result of the company's efforts to mitigate the financial impact of declining platinum group metal prices, which have significantly squeezed profit margins. The job cuts account for about 17% of Amplats' workforce, with the most significant impact at Amandelbult in Limpopo. For more on this Elvis Presslin spoke to NUM's Regional Coordinator at Anglo American Platinum in Polokwane, Limpopo, Khathu Ramufhufhi
5800 episodes
Manage episode 430300147 series 2825635
Anglo American Platinum (Amplats) has finalized its retrenchment process, with roughly 3,700 jobs affected across its operations in South Africa. The retrenchments are reportedly a result of the company's efforts to mitigate the financial impact of declining platinum group metal prices, which have significantly squeezed profit margins. The job cuts account for about 17% of Amplats' workforce, with the most significant impact at Amandelbult in Limpopo. For more on this Elvis Presslin spoke to NUM's Regional Coordinator at Anglo American Platinum in Polokwane, Limpopo, Khathu Ramufhufhi
5800 episodes
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