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Amcu ends strike at Amplats

Johannesburg - Miners have ended a strike at Anglo Platinum [JSE:AMS], the Association of Mineworkers and Construction Union (Amcu) president Joseph Mathunjwa said on Thursday.

The strike ends after a nearly two-week walkout against job cuts that has crippled production at the world's top platinum producer.

Striking workers are expected to return to their posts from the morning shift on Friday, Mathunjwa told Reuters.

He did not give further details.

A spokesperson for Amplats declined to comment on whether the strike had ended and said the company would issue an update shortly.

Amplats said it is losing an average of 3 100 ounces of production a day from the strike.

Amcu members downed tools to protest the company's plans to cut 4 800 jobs. Amplats had originally planned to cut as many as 14 000 jobs but scaled back its plans after fierce criticism from the government and unions.

Amplats' return to profitability hinges on an overhaul of its Rustenburg mines.

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