Tuesday, February 24, 2009

Platinum producer Lonmin will reduce 5,5 thousand jobs


24.02.2009

The third-largest global producer of platinum company Lonmin Rlc. seeks to reduce 5,5 thousand jobs at two mines in South Africa because of "difficult economic environment," said Air Force.

The British company has expressed a firm intention to reduce the 4 thousand jobs at the mine Marikana in the North-Western Province and 1,5 thousand - on a mine in Limpopo province. All firing had already agreed with unions, specified in the message Lonmin.

Especially hard impact on the financial situation Lonmin falling demand from the automobile sector companies, which use platinum in the manufacture of catalytic converters.

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