Platinum Miners Face Fight Over Jobs After Wage Battle Calms
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The union whose strike has paralyzed the biggest platinum mines has accepted -- with conditions -- plans to end the deadlock. After resolving a 20 week-conflict over pay, its members may next face a battle to keep their jobs.
Anglo American Platinum Ltd., Impala Platinum Holdings Ltd. and Lonmin Plc, the world’s three largest producers, will react by reorganizing operations once the standoff with 70,000 workers is broken, analysts and investors said. The companies said they expect a formal response from the Association of Mineworkers and Construction Union to their pay proposal today.