Business In The News South Africa

Amcu to announce its position on Implats job cuts

CAPE TOWN, August 7 – The Association of Mineworkers and Construction Union (Amcu) will on Tuesday make public its position regarding the imminent job losses at Impala Platinum (Implats) in Rustenburg.

Last week, the country’s second-largest platinum producer announced it would cut its workforce by 13,000 employees over the next two years as part of the implementation of its restructuring plan to meet the challenge of declining global demand.

Amcu, the majority union in the platinum mining industry, has previously vowed not to take mining job losses lying down, proposing measures to force companies to implement avoidance measures such as unbundling of mining operations into smaller operations with lower overhead costs.

Amcu president Joseph Mathunjwa will on Tuesday address the media about the union’s plans, and also share plans for the August 16 commemoration of the 2012 Marikana massacre.

Trade union Solidarity and the Department of Mineral Resources have also criticized Implats for announcing the planned job cuts.

– African News Agency (ANA)

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