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Reuters reported that yesterday, South Africa’s National Union of Mineworkers said that its members will return to work at Northam Platinum Ltd. (OTCMKTS:NMPNY). The move ends a strike that began 11 weeks ago.
Reuters reported that yesterday, South Africa’s National Union of Mineworkers said that its members will return to work at Northam Platinum Ltd. (OTCMKTS:NMPNY). The move ends a strike that began 11 weeks ago.
As quoted in the market news:
The union said last week it had accepted a two-year wage offer from Northam which would lift basic wages between 9.8 and 11.8 percent, roughly double the inflation rate of 5.3 percent.
The final agreement was signed on Tuesday.