Anglo American mulls job cuts in South Africa amid metal price declines and export bottlenecks

Anglo American mulls job cuts in South Africa amid metal price declines and export bottlenecks

Anglo American is contemplating job cuts at two SA units due to declining metal prices and iron ore export bottlenecks, insiders revealed.
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Anglo American Plc is contemplating job cuts at two South African units due to declining platinum-group metal prices and iron ore export bottlenecks, insiders revealed. Talks with the government have ensued, with officials urging a delay until post-elections in May.

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Anglo Consults South Africa on Potential Platinum, Iron Job Cuts

By Antony Sguazzin, Loni Prinsloo and William Clowes

Anglo American Plc is considering cutting jobs at two units in South Africa because of declining platinum-group metal prices and bottlenecks curbing iron ore exports, four people familiar with the situation said. 

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