3 500

Finweek English Edition - - IN BRIEF -

Plat­inum miner Lon­min plans to re­duce its work­force by about 3 500 peo­ple in an at­tempt to re­duce costs as plat­inum prices re­main sub­dued. The cut will re­duce its wage bill by about 10%. Lon­min said that it aims to achieve the job cuts through vol­un­tary sep­a­ra­tion packages and early re­tire­ments.

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