Diversified miner Glencore may cut up to 665 jobs at its Rustenburg ferrochrome smelter, adding to the growing list of companies shedding employees in SA as the economy slows down.

Glencore said in a formal section 189 notice to the National Union of Metalworkers of SA (Numsa) and trade union Solidarity on Friday that steep price hikes from SA’s electricity monopoly Eskom and the country’s new carbon tax, combined with aged furnace technology, contributed to the smelter being “no longer financially viable to operate as a going concern”.

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