Amplats Platinum Company to Cut 6,900 Jobs, Go Ahead With Restructuring

By Tara MacIsaac
Tara MacIsaac
Tara MacIsaac
Tara MacIsaac is an editor and reporter who has worked on a variety of topics over the course of her ten years with The Epoch Times, including science, the environment, and local New York news. She is currently working with The Epoch Times edition based in Southern California.
August 19, 2013 Updated: July 18, 2015

Anglo American Platinum concluded talks with key stakeholders and unions and will go ahead with restructuring that includes the loss of 6,900 jobs, reported Stock Market Wire Monday morning. 

Amplats will begin firing employees as of September 1, reported AFP in a breaking news tweet. Amplat is the world’s largest leading primary producer of platinum group metals, according to its website. It accounts for 40 percent of the world’s platinum and it operates out of South Africa. 

Its restructuring plans include consolidating mines. The ultimate number of retrenchments will depend on measures such as voluntary severance packages, early retirement, and more, reports Stock Market Wire. 

 

 

 

Tara MacIsaac
Tara MacIsaac
Tara MacIsaac is an editor and reporter who has worked on a variety of topics over the course of her ten years with The Epoch Times, including science, the environment, and local New York news. She is currently working with The Epoch Times edition based in Southern California.