Posted inNews/Politics

Amplats’ restructuring reflects broader trends

By Niall Reddy Anglo’s platinum operations are not “unprofitable”, rather they are not “profitable enough”. Plans to restructure will jeopardise the income of 14 000 workers and more than 100 000 dependants. The Association of Mineworkers and Construction Union’s (AMCU) call to nationalise in response reflects the growing consensus on the need for drastic redirection in the […]

Posted inNews/Politics

Why Amplats is doing the unavoidable

By Aidan Prinsloo The upcoming retrenchments are neither malicious nor a justified retribution. Instead, they are signs of transition that South African business must make. The Association of Mineworkers and Construction Union (Amcu) and Cosatu have expressed outrage at Amplats’ proposed cut of 14 000 jobs. Other mining companies are proposing similar cuts. Some think […]