Implats to cut over 13K jobs
--:--
Impala Platinum has announced major restructuring. The miner has slashed its future production and may consider selling some of the shafts - it plans to close - if buyers can be found. The move comes as the company grapples with rising costs and weak platinum prices and will result in over 13 thousand jobs losses over the next two years at a R2.7 billion price tag. Nico Muller, CEO of Impala Platinum joined Business Day TV on the line to discuss its restructuring plans in greater detail.