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Reuters reported Lonmin’s (LSE:LMI) recently announced job cuts may lead to another strike between platinum miners and management.
Reuters reported Lonmin’s (LSE:LMI) recently announced job cuts may lead to another strike between platinum miners and management.
As quoted in the market news:
The world’s third largest platinum producer, Lonmin is scrambling to get back on its feet after a violent six-week strike at its Marikana mine that crippled production and led it to ask shareholders for $800 million in a rights issue on Tuesday.
It also gave unions notice of a restructuring, with proposed job losses in its 25,000-strong work force expected to be implemented in early 2013.
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