Implats weighs large-scale job cuts
Marula unrest prompts strategy rethink as anger rises over benefits not reaching communities
Impala Platinum (Implats) said a year of disruptions and missed production targets meant it could be forced to lay off nearly a quarter of its 4,500-strong workforce at its Marula mine. At the heart of unrest at the operation is unhappiness in six communities that are part-owners of a chrome business set up by Implats to ensure that financial benefits flowed into the region. However, little of the money generated by the chrome company appears to have reached the broader community, with funds allegedly embezzled. This echoes stories around the country of empowerment transactions benefiting a few instead of broader communities, or communities fracturing amid a scramble for economic gain. If you are already a subscriber, please click on the following link below to go to the full article: Large-scale job cuts loom at Implats mine If you would like to subscribe to BusinessLIVE Premium to read the full story, please click here: Subscribe. Premium content is not yet available on the app....
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