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Amplats miners won't return to work

Nov 01 2012 14:28 Sapa

Company Data

Anglo American Plat Ltd [JSE:AMS]

Last traded 510.43
Change 2.43
% Change 0.00
Cumulative volume 183609
Market cap 137.65bn

Last Updated: 24/04/2014 at 04:29. Prices are delayed by 15 minutes. Source: McGregor BFA

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All quiet on Amplats front

 
Johannesburg - Thousands of dismissed workers at Anglo Platinum [JSE:AMS] (Amplats) operations in Rustenburg have still not accepted an offer to reinstate them, the company said on Thursday.

"The offer was strictly subject to all striking employees returning to work and doing actual work activities by no later than Tuesday, October 30 2012," Amplats said in a statement.

"This offer, which has not yet been accepted by employees, is still open."

Last week, the platinum producer said it met with unions to facilitate the return of the 12 000 dismissed workers and those who were on an illegal strike at its Union and Amandelbult mines.

The company also offered a once-off R2 000 "hardship allowance" to assist employees with financial difficulties as a result of the no-work, no-pay principle.

Amplats fired the 12 000 workers after they failed to appear for a disciplinary hearing.

They had been on a wildcat strike since September 12, demanding to be paid a minimum of R16 000 a month.

Amplats CEO Chris Griffith said: "We have been patiently appealing to our workers to get back to work so that the situation in Rustenburg and north of Pilanesburg can go back to normal.

"We are disappointed that the offer, which was made to employees to alleviate some of the hardship as a result of the no-work, no-pay principle, has not yet been accepted."

The company said it did not have sufficient staff for safe operations in the affected areas, and continued to carry out only essential services.

Amplats is losing on average 3 694 ounces of platinum production a day. To date 141 640 oz of production has been lost, it said.

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