South Africa Sees 32,000 Possible Mining Job Cuts, Minister Says
- Zwane's department engaging producers to control situation
- Commodity-price drop forcing producers to restructure
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Mining companies in South Africa, the world’s biggest platinum and manganese producer, have informed the nation’s mines ministry of intentions to cut about 32,000 jobs as prices decline, Mineral Resources Minister Mosebenzi Zwane said.
“Commodity prices have fallen for quite some time and that is causing problems in term of jobs and restructuring,” he told reporters Thursday in the capital, Pretoria. “We are engaging with companies to try and see how best we can deal with that situation in a responsible way.”