The world’s three largest platinum companies and the biggest union at their mines in South Africa will this week resume talks to try to end a strike that has crippled production for more than 20 weeks.
The world’s largest platinum producers are seeking more meetings with the biggest union at their mines in South Africa to discuss a compromise on new pay demands that have delayed the resolution of a 21-week strike.
A “breakthrough” has been made in talks to end a strike that has kept most mines shut at the world’s three biggest platinum producers since Jan. 23 and a meeting with workers will be held to announce it, a labor union official said.
The union whose strike has paralyzed the biggest platinum mines has accepted -- with conditions -- plans to end the deadlock. After resolving a 20 week-conflict over pay, its members may next face a battle to keep their jobs.
The union on strike at the world’s biggest platinum producers is consulting its members after the latest effort to break the four-month deadlock ended in failure and without any plans for further negotiations.