Northam Offers 5.9% Wage Hike; Talks to Resume Oct. 13

Northam Platinum Ltd., the South African producer that had a 43-day wage strike last year, offered workers a 5.9 percent pay increase yesterday, a National Union of Mineworkers negotiator said.

The union is demanding 15 percent, Zwelitsha Tantsi said by mobile phone today. Talks will continue on Oct. 13, he said.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE