
platinum said on Friday that production had been hit by a strike amid plans to cut 3,330 jobs. The company said around 20 percent of workers had turned up at the firm's Rustenburg and Pilanesburg operations, in South Africa's platinum belt. "Production will be impacted by the strike action although sales will not be impacted at this point," the company said in a statement. "Anglo American Platinum is monitoring the situation and working closely with local authorities to ensure that there is peace and stability during the strike." The striking workers are affiliated with the hard-line AMCU union, which is involved in a fierce battle for supremacy. They had called the strike after the company on September 2 handed 3,300 employees dismissal notices as part of a restructuring and announced earlier it would offer a further 1,600 workers voluntary severance packages. The industrial action occurs amid on-going unrest in the mining sector, which accounts for a fifth of Africa's largest economy. Violent strikes spread across the industry in August 2012 after a deadly police crackdown at Lonmin's platinum mine in Marikana, where officers shot dead 34 people in one day. Amplats CEO Chris Griffith warned further unrest could spell deeper job cuts. "Strikes and work stoppages will result in further losses that will hamper plans for future sustainability and further threaten the future of our 45,000 employees." The police reported no incidents of violence.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor