Economy

Anglo American Platinum cuts 3 700 jobs

Date: Jul 22, 2024

Anglo American Platinum says it has cut about 3 700 jobs to reduce spending ahead of a planned demerger from its parent company.

The South Africa-based platinum-group metals producer is being spun off from Anglo American which has embarked on a wider restructuring plan to combat a takeover bid from bigger rival BHP Group.

Amplats, says it sees numerous and exciting opportunities in the future as a standalone platinum metals producer.

 

--Reuters--

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