Amplats to cut 6,900 jobs in South Africa


World No. 1 producer Anglo American Platinum said Monday it will begin laying off around 6,900 workers in South Africa on Sept. 1, prompting immediate strike threats.

“A month’s notice period for affected employees will commence on 1 Sept.,” said Amplats CEO Chris Griffith, finalizing plans to cut 6,000 mine and 900 corporate jobs to save around $400 million a year.

The plan, initially put forward in May, comes after talks with the government and unions.

Amplats had first proposed around 14,000 job cuts.