Anglo American to shed 3300 jobs

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Platinum miner, Anglo American, announced on Friday that 3,300 employees would be retrenched to fit the company’s restructure goals.

 “Anglo American Platinum announced its proposals in January 2013 to create a sustainable, competitive and profitable platinum business for the long term benefit of all its stakeholders,” said a statement released by Anglo American [DATA AMS:Anglo American] on Friday.

Amplats, who fell at a loss last year, initially wanted to cut 14,000 jobs in a bid to return to profit however stern government and trade union actions caused them to officially reduce the number of job losses to 3,300.

Approximately 900 corporate and overhead staff would also be affected and all will serve a one month notice period which commences on the 2 September 2013.

“This is a difficult time for our employees and the company and we have made every possible effort to minimise the impact on employees and affected communities,” said Chris Griffith, Chief Executive Officer of Anglo American Platinum                                                                                              

The company is said to have worked together with trade unions and government to identify a number of retrenchment avoidance measures in order to minimise the number of affected jobs.

The measures taken include 1600 staff redeployed into other vacancies across the group as well as 1,500 offered for voluntary severance packages and early retirement.

The company have also stated that they are working closely with their stakeholders to co create a Social Impact Mitigation Plan (SIMP) for the benefit of their staff

The plan includes measures such as temporary employing 1,200 people for reclamation at the affected mines over the next 6 to 9 months, an approved social housing project in partnership with the Rustenburg Municipality to build 4000 houses and provide skills training as well create an additional 1000 jobs in the agricultural and enterprise development space.

“This comprehensive package of measures that we and our stakeholders have worked so hard to achieve will enable us to restructure Anglo American Platinum, to return the business to a sound footing and to create and sustain employment opportunities into the long term.” concluded Griffith.