Implats to shed workers as metal prices plunge
Impala Platinum says labour is a big cost component, ‘so you always start with offering voluntary separation packages’
Impala Platinum (Implats) confirmed on Tuesday that a targeted voluntary separation process with its employees was under way, joining its peer group Sibanye-Stillwater in reviewing their cost base as the plunge in metal prices strained cash flows.
Implats accounts for about 20% of global primary platinum group metals output every year and oversees about 70,000 employees across SA, Zimbabwe and Canada...
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