‘Anglo not the only one, job cuts could hit others’
The mining company has announced it will separate its coal divisions that export to other countries.
JOHANNESBURG - As Anglo American prepares to sell off some of its assets and shed jobs with a restructuring plan, there have already been warnings that similar action may follow from other coal and gold companies next year.
The mining company has announced it will separate its coal divisions that export to other countries and those that provide the resource to Eskom.
There's also been some speculation that Anglo may be looking to sell its Kumba Iron Ore Sishen mine, but announcements are only expected next year.
Mining and Labour Analyst Mamokgheti Molopyane says the effects of Anglo's restructuring plans in the platinum, coal and gold sectors will become evident next year.
"Anglo is not the only company that announced possible job cuts. The gold and coal sectors, so you can rest assured that next year it's going to be a battle between the employers and the workers."
The National Union for Mineworkers' Livhuwani Mambhuru says the union expects the company buying Anglo's assets to retain jobs.
"So whoever is going to take over; there is going to be an agreement in place and I hope they will honour that agreement."
The restructuring will see a reduction of the mining giant's workforce by half, from 130,000 to 50,000 workers.