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Bloomberg reported Impala Platinum (JSE:IMP) is ready to release numbers showing two of South Africa’s major unions both have about 50% of the workforce as member, giving neither group majority control.
Bloomberg reported Impala Platinum (JSE:IMP) is ready to release numbers showing two of South Africa’s major unions both have about 50% of the workforce as member, giving neither group majority control.
As quoted in the market news:
The Association of Mineworkers and Construction Union, or AMCU, said June 6 it recruited about half the 30,000 workforce and were winning members daily. The National Union of Mineworkers, or NUM, is historically the dominant union at Rustenburg. It’s been the only union management is allowed to negotiate with on wages and other labor matters.