Anglo American Platinum wholly-owned subsidiary Rustenburg Platinum Mines (RPM) has announced its plan to axe up to 2,000 jobs at its Union and Twickenham mines in South Africa, amid slump in commodity prices.

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The decision is a part of the company’s restructuring plans at these mines.

The firm also commenced a consultation process in terms of section 189 and 189A of the Labour Relations Act on the proposed job cut plan.

The firm has already commenced significant restructuring efforts at the Union mine in a bid to reduce overhead and operating costs.

Anglo American said in a statement: "This of Union Mine is necessary irrespective of whether or not a sale of the operation takes place in due course."

Additionally, the firm delayed all expansionary project decisions until at least 2017 which resulted in the suspension of the Twickenham project in 2015.

Anglo American Platinum financial director Ian Botha said: "Anglo American Platinum has no choice but to manage the business for the current environment and we need to take decisive action to ensure the sustainability of the business.

"Having considered all alternative options, it is with regret that the Company finds itself in a position where further restructuring now needs to take place, which will impact a number of our employees."

Considering various alternative options, RPM plans to make further restructuring process at Union mine to ensure sustainable operation while the Twickenham project is expected to be placed on care and maintenance.


Image: Anglo American’s Union mine in South Africa. Photo: © Copyright Anglo American.