Tuesday, January 15, 2013

South Africa: Amplats to sell mines and layoff 14,000

Anglo American Platinum (Amplats), the world's top platinum producer has revealed that it would cut 14,000 jobs in a broad restructuring of its strike-hit South African operations.

Additionally, Amplats said it planned to close four shafts and sell a mine considered unsustainable in South Africa.

"As a result of the proposed changes to the business, a total of up to 14,000 jobs may be affected," the firm said in a statement. The vast majority of job cuts, 13,000 in all, would be lost

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