Impala Platinum to cut 3,900 jobs (9% of workforce) due to falling platinum prices and cost pressures.

Impala Platinum, a leading South African platinum producer, is planning to cut 3,900 jobs, equivalent to 9% of its workforce, due to falling platinum prices and cost pressures. The company has initiated talks with unions in compliance with Section 189 of the Labour Relations Act. These job cuts are part of a restructuring effort to reduce costs and improve operational efficiency in response to the challenging business environment.

April 26, 2024
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