Arab Today, arab today south africa striking mineworkers make fresh demands
Last Updated : GMT 22:26:35
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

GMT 12:25 2017 Saturday ,23 September

ThyssenKrupp steelworkers protest against Tata tie-up

GMT 06:49 2017 Wednesday ,20 September

Equifax says 100,000 Canadians' data hacked

GMT 03:57 2017 Tuesday ,19 September

Canadian GM workers in walkout

GMT 07:02 2017 Monday ,18 September

Zombie firms on the march as rate hikes near: BIS

GMT 06:05 2017 Monday ,18 September

Serbian workers rebel against foreign bosses

GMT 06:41 2017 Saturday ,16 September

France slams Silicon Valley for skirting tax in Europe

GMT 19:14 2017 Wednesday ,30 August

Workers strike at VW plant in Portugal
Arab Today, arab today
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

 



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
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today unveils Joon - the 'millenials' airline

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iran tests new medium-range missile

GMT 21:24 2017 Saturday ,23 September

Iran tests new medium-range missile
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 08:39 2017 Friday ,22 September

New Hurdles as Republicans Rush

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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