Share

Implats fires 17 200 for illegal strikes

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.

 
We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.99
-0.2%
Rand - Pound
24.14
-0.1%
Rand - Euro
20.64
-0.2%
Rand - Aus dollar
12.39
+0.2%
Rand - Yen
0.13
+0.5%
Platinum
911.88
-1.3%
Palladium
1,019.74
-4.3%
Gold
2,159.43
-0.1%
Silver
25.10
+0.2%
Brent-ruolie
86.89
+1.8%
Top 40
66,252
0.0%
All Share
72,431
0.0%
Resource 10
53,317
0.0%
Industrial 25
100,473
0.0%
Financial 15
16,622
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders