Tens of thousands of
jobs in mining, metals and engineering are at risk in South Africa as firms cut
costs due to the commodity rout. Trade union Solidarity says that as many as
58,549 workers in South Africa could lose their jobs this year across a number
of industries. It said that more than 29,000 jobs could go in the mining
sector, as well as 8,000 in the metal and engineering industry.
South Africa — which exports vast quantities of platinum,
manganese and iron ore — has been hit hard by resource companies cutting costs
in the face of declining profits. They've been hurt by sharp falls in commodity
prices due to oversupply and slowing demand growth in top consumer China.
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