Amplats Fires 12,000 Strikers

Reuters reported South Africa’s Amplats fired 12,000 wildcat strikers on Friday.

As quoted in the market news:

[In a] high-stakes attempt by the world’s biggest platinum producer to push back at a wave of illegal stoppages sweeping through the country’s mining sector and beyond.

Later on, a trade union leader was shot dead near a mine run by platinum producer Lonmin in a potentially explosive escalation of the two-month-old violent labour unrest that took the death toll to 49.

Click here to read the full Reuters report.