South Africa’s Samancor Chrome Set to Cut 2,500 Jobs, Union Says

Samancor Chrome Ltd. may cut as many as 2,496 jobs in South Africa next year as it considers closing or slimming down operations because of high energy costs, a labor union said.

The company informed labor groups that the rising power costs “make it impossible for the ferrochrome industry to survive,” Solidarity said in a statement, citing a letter from the employer.