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    market news

    Amplats Fires 12,000 Strikers

    Investing News Network
    Oct. 05, 2012 07:06PM PST
    Precious Metals Investing

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

    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.

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