JOHANNESBURG, July 22 (Reuters) - Anglo American Platinum AMSJ.J said on Monday it has cut about 3,700 jobs to reduce spending ahead of a planned demerger from its parent company.
The Johannesburg-based platinum-group metals producer is being spun off from Anglo American AAL.L , which has embarked on a wider restructuring plan to combat a takeover bid from bigger rival BHP Group (BHP) . Amplats, said it sees numerous and "exciting" opportunities in the future as a standalone platinum metals producer.
News: BHP Anglo Platinum cuts jobs to save costs as it readies for spinoff
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