[LISTEN] Impala Platinum says it is open to any suggestions to help save jobs

Imapala Platinum says it is open to any suggestions that may help save the potential loss of nearly 13,000 jobs at its Rustenburg operations over the next two years.

The move forms part of the Implat's restructuring plans to restore profit.

The Association of Mineworkers and Construction Union (Amcu) and The Congress of South African Trade Unions (Cosatu) have threatened strike action if the job cuts are to go ahead.

The unions are set to engage in a consensus seeking process with the company.

READ: AMCU warns of industrial action at Impala Platinum if job cuts go ahead

Spokesperson at Impala Platinum Johan Theron says they have issued a section 52 notice to the labor department.

What that implies is there is then a joint multi-party board/ constitutive committee which would then interrogate the financial performance of the organisation, its restructuring plan, and there will be broad based consultation around potential other alternatives that can be considered.

Johan Theron, Spokesperson at Impala Platinum

If that process drives us to good outcomes then there is no need for section 189 retrenchment processes. However we are talking about 11 shafts and there is still a risk that we might do well in some and not others.

Johan Theron, Spokesperson at Impala Platinum

Theron says they are open to any suggestions that may prevent the loss of jobs.

We have made it clear to the government and all stakeholders that we cannot discount any option that might save jobs. So we are entirely open to any suggestion including government or third parties coming in to potentially operate some of these areas.

Johan Theron, Spokesperson at Impala Platinum

Cosatu North West provincial secretary Job Dliso says Implat's announcement on the possible job cuts was premature and that they should have waited for the consultative process to be concluded.

It was premature for them to pronounce the cutting of 13 00 jobs. We don't have a problem to engage in any process, as long as that process won't cut any employment.

Job Dliso, Cosatu North West provincial secretary

Speaking on the future of platinum in South Africa, Member of the Mining Indaba Advisory Board Frans Balani says there is little that is being done to keep the industry alive in the long term and prepare for the 4th Industrial Revolution.

I have never seen such a debate from stakeholders to ensure that they run ahead of the situation and prepare an look at alternatives of using platinum and create a market that creates jobs. We wait until there is a crisis, complain, go to the streets and it ends there. I do not think that is sustainable.

Frans Balani, Member of the Mining Indaba Advisory Board

Click on the link below to listen to the full conversation...


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