Companies Struggle To Get Miners To Work, Strikers Demand Raise

CNBC reported the mining industry in South Africa is struggling to get miners back at work as the strikers continue to demand wage increases.

As quoted in the market news:

Amplats’ chief executive Chris Griffith said on Thursday the platinum industry was in “severe financial distress” and that high wage settlements to get wildcat strikers back to work would lead to job cuts.

Miners have been emboldened by an increase of up to 22 percent in wages given by platinum producer Lonmin <LMI.L><LONJ.J> to end a strike at its Marikana mine, where police killed 34 miners on August 16.

Click here to read the full CNBC report.