Connect to share and comment

South Africa's Amplats extends restructuring talks for 30 days

PlacardEnlarge
(Globalpost/GlobalPost)

JOHANNESBURG (Reuters) - Anglo American Platinum <AMSJ.J>, the world's largest platinum producer, said on Thursday it had extended for 30 days its talks with the government about restructuring plans that could see it cut up to 14,000 jobs and mothball two mines.

The plans by the Anglo American <AAL.L> unit to restore profits has met fierce resistance from the government and unions. The consultation process was to have ended this weekend and will now go until the end of April.

(Reporting by Ed Stoddard; Editing by Ed Cropley)

http://www.globalpost.com/dispatch/news/thomson-reuters/130328/south-africas-amplats-extends-restructuring-talks-30-days