Losses in revenue and wages because of a month-long strike at Northam Platinum’s Zondereinde mine in Limpopo are running at R400m.
“Revenue losses for the period amount to approximately R360m. Employees have lost approximately R50m in basic wages during the same period,” spokesperson Memory Johnstone said, as reported by Fin24.
The strike began on November 3 at the Zondereinde mine, near Amandelbult. Members of the National Union of Mineworkers (NUM) demanded a salary increase of R2 100 for core workers such as rock drill operators, and R2 000 for non-core workers. Another demand was for the living-out allowance to be increased from R2 200 to R3 718 a month.
The union has rejected the company’s final offer of an 8% to 9% increase, despite the fact that the company said that acceding to the NUM’s demands would significantly raise the business’s cost base and jeopardise the long-term sustainability of the company and jobs.
“Our members have not changed their demands. The strike will continue until the demands have been met,” NUM spokesperson Livhuwani Mammburu said.
Source: Fin24. For more information, click here.