Platinum Investing News » South Africa’s Union warmed of further job cuts at Anglo

South Africa's Union warmed of further job cuts at Anglo

August 2, 2009 @ 8:24 am In Platinum Market News

South Africa's Solidarity union declared Anglo American Plc has planned to shed further jobs in South Africa, and accused the company of adopting a short-term survival strategy.

Gideon du Plessis, deputy general secretary of Solidarity, stated:

It is rumoured that Anglo American plans to cut the personnel at its South African head office by 25 percent.

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