• Inside Labour

    There are silver linings to dark global clouds, says Terry Bell.

  • Labour Wrap

    Terry Bell looks back over perhaps the most turbulent and taxing year in the past 20.

  • Putin and the rouble rout

    Russia is not the West and Putin may well survive unscathed, says Leopold Scholtz.

Loading...
See More

Amplats threatens strikers with sacking

Nov 12 2012 09:02 Reuters

Striking Amplats mineworkers. Picture: Lucky Nxumalo/City Press

Related Articles

Amplats miners: We'd rather die

Amplats: Mining in financial distress

Amplats miners won't return to work

Amplats mines still down

Amplats strikers defy return deadline

Amplats offers allowance to strikers

 
Johannesburg - Anglo Platinum [JSE:AMS] (Amplats) urged its striking workers to return work on Monday or face sacking, just days after laying out a revised wage deal that miners say they will not accept.

The world's No 1 platinum producer said it was too early to tell whether South African miners on an illegal strike will return after the company told them to resume work or face being fired.

"We will have an idea later in the morning," Amplats spokesperson Mpumi Sithole told Reuters when asked whether the miners were reporting for duty.

But a labour leader at Amplats said the strike was ongoing as no agreement had been reached.

"It's only the management that decided the workers should go back to work without an agreement. Nobody went to work, the strike is still going on," Evans Ramokga told Reuters.

Amplats said on Friday it offered a R4 500 one-off payment and agreed to start wage talks ahead of the expiry of current agreements next year in a bid to get around 30 000 workers back on the job at several of its mines.

The offer would lapse if workers do not show up for work on Monday.

The cost of the wildcat action, in its second month, is mounting and Amplats said it had lost almost 168 000 ounces in platinum production, worth over $250m at current spot prices.

South Africa's gold and platinum sectors have been shaken by months of illegal and often violent strikes which have resulted in the deaths of around 50 people so far this year.

Most of the affected gold operations are back to work but Amplats, a unit of global mining giant Anglo American, is still struggling with crippling strikes at a time when the viability of its operations is being scrutinised.

"Should this offer not be accepted, the company will have no other option but... effect the dismissals of the Rustenburg employees," the company's chief executive said in a statement.



NEXT ON FIN24X

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
27 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...