Arab Today, arab today south africa striking mineworkers make fresh demands
Last Updated : GMT 12:04:57
Arab Today, arab today
Arab Today, arab today

South Africa striking mineworkers make fresh demands

Arab Today, arab today

Arab Today, arab today South Africa striking mineworkers make fresh demands

Striking platinum miners gather
Johannesburg - AFP

A last-ditch bid to end the longest mining strike in South Africa's history faced a new threat Wednesday after unions made fresh wage demands that could scupper a deal struck last week.
The world's top platinum miners -- Anglo American Platinum, Impala Platinum and Lonmin -- rejected the new proposals, which come after both sides agreed in principle to end the five-month stoppage.
The "new and additional demands... if granted would mean huge additional costs of around 1 billion rand in aggregate," the miners said in a joint statement.
"The companies simply cannot afford the additional wage demands."
The strike has hit platinum production in the world's top exporting country, with companies reporting a combined loss of 23 billion rand ($22 million) in earnings.
The new demand emerged after bosses at the Association of Mineworkers and Construction Union (AMCU) this week gave the companies feedback from workers on the proposed pay deal.
The offer includes a wage hike from 5,500 rand per month to 10,500 rand ($980, 720 euros), by 2017. But it falls short of the 12,500 rand the miners were seeking.
The miners said they were "willing to discuss with the union leadership" the possibility of backdating some of the wage increases for workers.
Talks were ongoing and some workers who had left the mining town of Rustenburg were beginning to return, they added.
The strike, which began when more than 70,000 workers downed tools to demand higher wages and benefits in January, pushed mineral-rich South Africa into economic contraction for the first time in five years.
International credit ratings agency Standard & Poors last week lowered the country's sovereign credit rating to "BBB-" -- just a notch from junk bond status.
Fitch also revised the outlook on South Africa from stable to negative, but affirmed its credit rating at "BBB".

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south africa striking mineworkers make fresh demands Arab Today, arab today south africa striking mineworkers make fresh demands

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south africa striking mineworkers make fresh demands Arab Today, arab today south africa striking mineworkers make fresh demands

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday