South Africa: AMCU Holds Firm On Platinum Strike

analysis

The Association of Mineworkers and Construction Union (AMCU) strike on the platinum belt is in its second week. Negotiations are yet to make headway and with another union joining the fight, platinum producers are in for a long ride.

A week after AMCU’s 80,000 members in the platinum industry went on strike, workers gathered on Thursday to discuss the latest offer from employers. The three platinum producers, Anglo American Platinum (Amplats), Impala Platinum (Implats) and Lonmin have offered increases and spelt out how workers can reach their “living wage” demand of a monthly R12,500 in the years to come. They’re offering a three-year agreement with increases of between 7% and 9%.

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