Data provided by iNet BFA
Loading...
See More

Implats fires 17 200 for illegal strikes

Feb 02 2012 13:48 I-Net Bridge

Company Data

IMPALA PLATINUM HOLDINGS LIMITED [JSE:IMP]

Last traded 108.26
Change 0.76
% Change 0.01
Cumulative volume 180734
Market cap 68.44bn

Last Updated: 25/07/2014 at 10:28. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Implats to dismiss 5 000 'no shows'

Implats Rustenburg mine still shut

Implats strike-hit operations still shut

Implats to fire 5 000 on unlawful strike

Terence Goodlace new Implats CEO

Implats workers strike over wages

 

Johannesburg - Impala Platinum Holdings [JSE:IMP] announced on Thursday that it had dismissed a further estimated 13 000 mineworkers who participated in an illegal work stoppage at its Rustenburg operations.

This brings to around 17 200 the number of striking workers who have been dismissed by the group for failing to return to work by the deadline on Wednesday.

A process of rehiring for those employees who wished to reapply for their positions would be undertaken in due course, Implats said.

The strike began on January 20 when around 5 000 rock drill operators downed tools, apparently over wage grievances. In an apparent show of solidarity, they were joined on strike on Monday by the majority of workers at the mine.

The mine employs about 18 000 workers.

According to Implats, the mine is losing around 3 000 ounces of platinum per day in production.

At 13:13, Implat's shares were trading at R170.80 per share on the JSE, down R4.26 or 2.43% on Wednesday's closing price.

 
impala platinum holdings  |  miners
NEXT ON FIN24X

 
 
 

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
18 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

This is what banks do with your money

Gone are the days of saving cash under your mattress. Banks are now the custodians of your precious pennies, but what do they do with them?

 
 

Start saving...

Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account
All about endowments

Money Clinic

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