Friday, August 30, 2013

South Africa: Amplats to layoff 4800 employees

(Reuters) - Anglo American Platinum, the world's top platinum producer, said on Friday it would shed around 4,800 jobs through its restructuring process, with 3,300 coming from lay-offs and the remainder from voluntary packages.

Amplats, which fell into a loss last year, initially wanted to cut 14,000 jobs in a bid to return to profit but fierce government and union resistance caused it to rein in its plans.

Job cuts are a sensitive issue in South Africa, where the unemployment rate

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