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Lonmin: 150 management jobs may go

Lonmin said on Thursday (28 February) that about 150 positions - all of them in management levels - are likely to be imposed as part of the review of the platinum miner's operating model and management structure.

1 Mar 2013

"The company is now in consultation with its unions and employees on a proposed new operating structure‚" it said in a statement.

"The operating model review forms part of the broader Lonmin renewal plan announced in October last year and seeks to achieve a sustainable business in an environment characterised by weak global market conditions and high input costs‚" Lonmin said.

Source: I-Net Bridge

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