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Amplats boss doubts jobs can be saved

Feb 20 2013 15:40 Sapa

A striking Amplats worker. Workers at Amplats now face job cuts.

Company Data

Anglo American Plat Ltd [JSE:AMS]

Last traded 467.86
Change -3.46
% Change -0.01
Cumulative volume 4270
Market cap 126.17bn

Last Updated: 01/08/2014 at 09:13. Prices are delayed by 15 minutes. Source: McGregor BFA

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Cape Town - Talks between Anglo Platinum (Amplats) [JSE:AMS], unions and government are unlikely to save 14 000 jobs at the company's mines, Amplats CEO Chris Griffith told MPs on Wednesday.

He told Parliament's committee on mineral resources his company was committed to talks aimed at finding possible alternatives to job losses.

Committee chairperson Fred Gona wanted an assurance that the talks would bear fruit.

"For you to shed so many jobs, 14 000 on top of the rate of unemployment which is so high in the country, is quite a shocking situation," Gona said.

"Are you confident that indeed through these engagements there's a possibility that jobs will be saved?" asked Gona.

Griffith said he doubted the talks would change the situation.

"As a company we've had a close look at what we can do, but no I'm not at all confident that we're going to have some clever idea that all we had to do was think about that and this problem goes away and Anglo American Platinum all of a sudden becomes profitable," Griffith said.

Griffith's comments came as workers in Rustenburg returned to work on Wednesday after clashes and work stoppages in the North West town earlier this week.

Amplats workers stayed away from work on Tuesday after a clash between security guards and workers at Siphumelele shaft on Monday.

Thirteen people were injured, one of them critically.

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