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3700 jobs to be affected at Amplats

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Manage episode 430300147 series 2825635
Content provided by SAfm. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by SAfm or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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

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5800 episodes

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3700 jobs to be affected at Amplats

First Take SA

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Manage episode 430300147 series 2825635
Content provided by SAfm. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by SAfm or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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

  continue reading

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