Miners to Take Latest Offer Directly to Workers in South African Platinum Strike

Reuters reported today that in the latest development in the ongoing strike by platinum mine workers in South Africa, miners Implats, Amplats, and Lonmin are planning to take their latest wage offer directly to employees, bypassing the Association of Mineworkers and Construction Union. The move comes after talks between producers and the AMCU failed to yield a resolution last week.

As quoted in the market news:

AMCU’s leaders have said they were “arrogantly rebuffed by the platinum cartel”, so it seems unlikely their members will publicly accept the offer at mass meetings which are typically dominated by the union’s shop stewards and most militant core.

But the producers are forcing the hand of AMCU and its president Joseph Mathunjwa by betting that most of the strikers have lost their resolve to strike as they face the third consecutive month without pay.

Click here to read the full Reuters article.