Samancor explores restructuring, job cuts amid ‘drastic’ chrome price decline

By IM Staff
Published: Monday, 20 January 2020

Samancor Chrome has provisionally decided to restructure its mining and smelting operations in a move that will reduce staff and production levels due to the deteriorating chrome markets and rising power costs, Fastmarkets has learned.

By Janie Davies

South Africa’s largest ferro-chrome producer wrote to employees and unions on Friday January 17, in letters seen by Fastmarkets, warning that it had made the provisional decision to restructure and reduce mining and smelting staff due to a "drastic" decline in chrome ore and ferro-chrome prices, especially...

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