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De Beers Namibia Workers Will Strike

Investing News Network
Aug. 15, 2011 09:31PM PST
Gem Investing

Bloomberg reports Namdeb said workers plan to start a strike tomorrow over housing allowances.

Bloomberg reports Namdeb said workers plan to start a strike tomorrow over housing allowances.

The market news is quoted as saying,

The dispute was initiated by 124 miners who lost housing allowances earlier this year when they were relocated from the halted Bogenfels mine to new sites. The union has urged Namdeb to maintain housing benefits for all its workers, while the company says Bogenfels miners only received the benefits because of the project’s remote location in the coastal Namib Desert.

For the complete market news, click here.

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