Voice of America: S. African Platinum Mine Plans Vast Job Cuts

Voice of America Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries

S. African Platinum Mine Plans Vast Job Cuts Jan 15th 2013, 14:40 Mining giant Anglo American Platinum has announced plans to close four mine shafts in South Africa and cut up to 14,000 jobs. The vast majority of the job cuts would be in the city of Rustenburg, where at least 46 people were killed in mine-related unrest last year. In a statement Tuesday, the company, also known as Amplats, indicated the cuts are a result of slowing demand for platinum and said the operation of "unprofitable shafts" is not sustainable. Amplats said it lost ... Media files: 06482BF8-34E0-4514-9209-EC13AF63221B_cx0_cy6_cw0_w800_r1.jpg?nocache=1 (image/jpeg, 0 MB)

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