• Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

  • The power of perseverance

    True grit is a reliable predictor of who will achieve success in life, says Ian Mann.

  • It's the system

    The system sucks and it’s being used far too often as an excuse, says Mandi Smallhorne.

All data is delayed
Loading...
See More

Num rejects Lonmin offer, eyes strike

Nov 15 2011 17:19
Reuters

Company Data

Lonmin plc [JSE:LON]

Last traded 43
Change 1
% Change 3
Cumulative volume 193073
Market cap 0

Last Updated: 26-05-2016 at 02:07. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Lonmin prices boost earnings

Lonmin's locals-only deal condemned

Lonmin sales jump

Lonmin eyes Limpopo deal with Shanduka

 
Johannesburg - The National Union of Mineworkers (Num) on Tuesday rejected a wage hike offer from Lonmin [JSE:LON] and said it was moving closer towards launching a strike at the platinum miner’s operations.

Num spokesperson Lesiba Seshoka said in a statement that Lonmin had offered to increase wages by 0.5%.

“The Num has rejected these offers with the contempt it deserves and feel that it is moving towards industrial action at Lonmin,” said Seshoka.

He said the union had lowered its demand to an 11% increase, from 12% previously. The union is also disputing the company’s offers on housing allowances and medical aid subsidies for workers’ children.

The two parties are due to meet again next Tuesday, Seshoka said.
lonmin  |  num  |  wage dispute

 
 
 

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
2 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

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

Voting Booth

Would you take out a payday loan?

Previous results · Suggest a vote

Loading...