Amplats announces major job cuts after 71% profit plunge- Republic World ...Middle East

Amplats job cuts: Anglo American Platinum (Amplats) has announced intentions to slash thousands of positions at its South African mines following a substantial 71 per cent profit decline last year. The restructuring, affecting around 3,700 jobs or 17 per cent of its South African workforce, is a response to the sharp drop in platinum-group metals’ prices. The broader South African platinum-group metals (PGM) mining sector, responsible for approximately 70 per cent of global mined platinum, is poised to cut up to 7,000 jobs as companies strive to restructure unprofitable operations, according to the Mineral Council of South Africa. Amplats is also reassessing contracts with 620 service prov

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