Zimbabwe lithium miners want royalties to be linked to prices
The battery metal has slumped from a peak in late 2022 amid oversupply and weak demand from the electric vehicle sector.
Striking Amplats (LON:AAL) workers say they will rally on Monday to decide a course of action, with union leaders refusing to indicate whether they will call off the labour action.
Strikes at Anglo American Platnium – the world’s biggest platinum producer – began earlier this week. Workers are furious over the company’s plans to fire or retrench over 3,000 employees.
“We are going to continue with the strike until the company withdraws these forced retrenchments,” Makhanya Siphamandla, an Association of Mineworkers and Construction Union organizer, told Reuters.
AMCU – the union behind the strike – has adopted a hard-line against companies, and its membership has been growing steadily.
Other unions, including the National Union of Mineworkers – including AMCU’s main rival – have not called for labour action.
Last year such ‘wildcat’ strikes resulted in losses for Amplats. This year, the company has threatened more job losses if miners don’t go back to work.
Anglo American chief executive Mark Cutifani told Reuters that if the platinum unit continued to incur losses, it would be cut.
3 Comments
allritejack
The damage has been done. They can’t back down now. It’s not a show of force by Amplats but an economic necessity
yong yong foo
This is nothing but a Union Busting tatic on the part of this ‘scab rat assed company’, not to mention greedy! Hang in there folks, the longer that you shut them down the more $$$$ that they loose and that is the only thing that they care about.These companies are the worst of the worst, the ‘slime’ of the labor world. The “HELL” with them and their greedy profits………………
mike
Mechanisation ? BRING IT ON !!!