Anglo American Platinum has said it would cut 6,000 mining jobs in South Africa, fewer than half the 14,000 initially proposed, as it strives to restore profits without triggering a backlash from ...
In 2009 the DSM met a group of more than 4000 workers from Aquarius Platinum's Kroondal shafts which were then managed by Murray & Roberts (M&R). These workers had been dismissed after a wage strike in August 2009 after NUM first obtained a strike certificate, then cut a deal with management behind the workers' backs.
[img:Tower%20sunset_0.jpg| ]Johannesburg, South Africa --- 03 October 2013 - Talks are scheduled to resume today to seek an end to a strike that has brought to a standstill most of the operations of Anglo Platinum (Amplats), the world's biggest miner of the precious metal. Workers downed tools last Friday in protest against the company's plans to cut 4,800 jobs as the Anglo …
The threat by mining giant Anglo American Platinum (Amplats) to close four shafts, sell one mine and lay off 14,000 mineworkers in their Rustenburg operations is an open challenge to the entire working class ... Whipps Cross workers prepare for fight against jobs and pay cuts. ... Belt tightening: Farewell Woolworths, so long HMV, sayanara ...
The violence on the platinum belt has cooled, but AMCU is still facing off with its rival, the NUM. After a 75-day strike, NUM last week accepted a 9.5% increase for core workers and 8.5% for non ...
8th January 2021 Mining Weekly Editor Martin Creamer unpacks back-to-work protocols at South Deep, the building of hydrogen infrastructure in the US being a good boost for platinum …
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China's Baosteel Group said it would cut steel production capacity by 11 million tonnes from 2016 to 2017, according to an announcement posted on its website on Friday, ahead of an earlier target. The company had previously set a goal of cutting 9.2 million tonnes of excess capacity between 2016 and 2018.
Amplats wants to cut about 4,800 jobs. It originally aimed to eliminate as many as 14,000, but scaled back its plans after fierce criticism from the government and unions.
Amplats, a unit of global mining giant Anglo American (LSE:AAL) which served the workers with lay-off notices on September 2, has already backed away from an initial target of 14,000 job cuts after a fierce backlash from the government and …
Over the months firms rolled out incentives and threats and more incentives. One mine by one, miners returned to work. Amplats' more than 12,000 workers were the last major group of miners who refusing to go to the underground -- until the world's top platinum producer enticed them with new monthly allowance and a one off bonus this week.
Workers downed tools last Friday in protest at Amplats' plans to cut 4,800 jobs as the world's largest platinum producer and unit of Anglo American …
Ratings agency Standard & Poor's cut South Africa's credit rating in June 2014. And, Fitch put it on negative watch. Both institutions cited poor growth prospects mainly due to industrial actions. The news came soon after a prolonged strike in the platinum sector.
Amplats confirms 6900 worker cuts. ... Platinum backed away from initial proposals to cut up to 14,000 jobs in South Africa. ... 45 percent more value since the calendar ticked over into 2018.
Another 200 jobs are being cut because the company has less work to do on defaults because of higher house prices and fewer delinquencies, a person familiar with the matter said. 36 . Taylor
ANGLO American Platinum said on Friday it would cut 6,000 South African mining jobs, fewer than half the 14,000 initially proposed, as it tries to …
Platinum belt, 2013: Amplats to cut 14,000 jobs. Workers to strike. Following Anglo American Platinum's announcement of plans to close shafts in Rustenburg and restructure its South African ...
By Ed Stoddard JOHANNESBURG (Reuters) - Striking South African workers at mines operated by Anglo American Platinum kept the company guessing about whether they will call off the stoppage at a rally on Monday. Miners with the hardline Association of Mineworkers and Construction Union (AMCU) downed tools on Friday to protest plans by Amplats, the world's largest producer of …
In a bid to swing back to profitability, the company plans to cut 14,000 jobs and shut two of its shafts in the platinum belt of Rustenburg, northwest of Johannesburg.
The platinum arm of global mining group Anglo American had plans in January to cut 14,000 jobs but reined in its plans in the face of a fierce backlash from the government and unions.Workers ...
Anglo American Platinum (Amplats) announces it will cut 6000 jobs instead of the 14,000 it predicted earlier. May 14 and 15 - Amcu members go …
Amplats to cut 7,000 SA jobs ... the world's top platinum producer, had aimed for 14,000 job cuts after posting its first loss last year, but lowered the target after a backlash from the ...
Higher costs and wage demands at major platinum mines could see operations cut back and thousands of jobs subsequently lost. ... beyond Amplats." Platinum-group metals companies employed 195 000 ...
Palladium hit a record $1,620 an ounce in March, a surge of nearly 100 percent since August. It has slipped back to around $1,335, but is still more expensive than gold. Platinum…
Miners had warned they&39;d shut down the platinum belt if Amplats were to go ahead with a restructuring plan, which would see around six-thousand jobs being lost.
Before that corporate event, however, Impala Platinum announced it may cut back on roughly 2,500 jobs although it hadn't arrived at a final decision. Although not located near Rustenburg, Anglo American Platinum (Amplats) and Atlatsa Resources announced plans to put its Bokoni Platinum Mine on care and maintenance with the loss of 3,651 staff.
Amplats only offered them a one-off "hardship allowance" of 2,000 rand (about $230) if they accepted to return to work. Mpumi Sithole of Anglo American Platinum, or Amplats, said the workers had until Tuesday to return to their jobs "on the same terms and conditions of employment" as …
lifecaremedicos.com The strike is centred around Amplats mines near the town ofRustenburg in the restive platinum belt, where AMCU has poachedtens of thousands of members from the once unrivalled NationalUnion of Mineworkers (NUM) in a bloody turf war that has killeddozens of people the past 18 months.
Amplats told shareholders it has cut its 2020 production guidance for PGMs by almost a million (900,000) ounces, from between 4.2Moz and 4.7Moz, to between 3.3Moz and 3.8Moz. That's a big deal. Not only does the Anglo Converter Plant refine ore from Amplats' mines, it also processes material from other platinum miners including Sibanye ...
