Zimplats to retrench 25 managers

Zimbabwe's largest platinum producer, Zimplats is set to retrench 25 managers as part of the company's cost containment measures in the face of declining international metal prices and a challenging economic environment.

Busi Chindove, Zimplats head of corporate affairs yesterday said that the retrenchment exercise was being necessitated by challenges the mining company has been facing in the last nine months.

Chindove noted that engagement with the affected was currently underway, prior to implementation.

She said Zimplats remains committed to the base metal refinery project scheduled for commissioning in July 2016.