facebook
twitter
rss
account
search
search
 

South African gold mining companies brace for strike

Aug. 30, 2013 at 11:58 AM   |   Comments

JOHANNESBURG, South Africa, Aug. 30 (UPI) -- Unions representing South African goldminers has given employers a 48-hour notice of a strike, mining companies said Friday.

The Chamber of Mines said the walkout by 120,000 miners is expected to begin Tuesday, Miningweekly.com reported. The National Union of Miners said about 70 percent of gold mine employees will strike.

Because miners have an average of more than 10 dependents, experts estimate the strike will affect 1.4 million people and cost the South Africa's economy 549 million rand ($54 million) a day in lost revenue to the mining companies, money not spent on supplies and unused electricity.

The major issue is wages. The National Union of Miners had asked for wage increases of as much as 60 percent while employers said they would not provide increases greater than inflation.

Employers also refused to negotiate with individual unions.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
GM recalls 221,000 Cadillacs and Impalas GM recalls 221,000 Cadillacs and Impalas
2
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
3
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
4
Ukraine's State Guard Service receives armored personnel carriers Ukraine's State Guard Service receives armored personnel carriers
5
Navy's Triton surveillance drone flies cross-country Navy's Triton surveillance drone flies cross-country
Trending News
Video
x
Feedback