Anglo American Platinum (Amplats) has said that it has had no choice but to initiate disciplinary action the 80 per cent of its workforce at its Rustenburg mines that continues to strike illegally.
The firm has made repeated calls for the strikers to return to work since it re-opened the mines on Tuesday 17th September, having previously halted operations amid a wave of labour unrest.
Chris Griffith, Chief Executive Officer of Anglo American Platinum, said: "Despite repeatedly urging our employees to come back to work, attendance at our Rustenburg operations remains low. We have been left with no choice but to initiate disciplinary action, which could lead to dismissals."
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Boosted by rising metal prices, the share price rose 1.99% to 1,867.50p.
NR
-
HMRC savings tax crackdown: More workers to pay tax directly from their wagesBanks and building societies will be required to obtain National Insurance numbers from savers to make it easier for HMRC to tax those who breach their personal savings allowance
-
It’s time to start backing the UK stock marketThe UK stock market has been languishing for decades. But the tide is turning and smart investors should buy in now
