According to the Implats plan, 9 000 permanent employees and 4 000 contractors will lose their jobs over the next two years.Platinum producers in South Africa- the world’s largest source of the metal- have been battling weak commodity prices and subdued demand in recent years. Mathunjwa also called on the state to nationalise the five shafts Implats has scheduled for closure, calling this “a great opportunity”. He also accused the government of “manufacturing” the high unemployment rate. Mathunjwa said Amcu would work with any union to prevent job losses but said that their major rival, the National Union of Mineworkers (NUM) has no representation at Impala Platinum. Mathunjwa clarified that if workers down tools at Implats, it will be fine according to the LRA. -News24
Impala Platinum last week announced that it would cut 13 400 jobs over the next two years as it moves to close five out of its eleven mines. The world’s second largest platinum producer cited a strategic review into its operations which recommended scaling back on loss-making mines and focusing on profitable operations. Minister of Mineral Resources Gwede Mantashe slammed the retrenchments announcement as “reckless and irresponsible” on Friday.