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Bloomberg reported Impala Platinum Holdings Ltd. (JSE:IMP) fired 17,200 workers after an illegal pay strike halted its Rustenburg mine.
Bloomberg reported Impala Platinum Holdings Ltd. (JSE:IMP) fired 17,200 workers after an illegal pay strike halted its Rustenburg mine.
As quoted in the market news:
The number includes 13,000 employees who joined the stoppage, declared illegal by court order, after they failed to return to work by yesterday’s deadline, the Johannesburg-based company said in a statement today. The strike is costing Impala about 3,000 ounces of platinum daily, the equivalent of $4.9 million in sales a day.
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