{"id":16065,"date":"2012-11-01T20:24:53","date_gmt":"2012-11-01T18:24:53","guid":{"rendered":"http:\/\/www.myza.co.za\/11\/update-1-s-africa-mine-unrest-to-lead-to-job-losses\/"},"modified":"2012-11-01T20:24:53","modified_gmt":"2012-11-01T18:24:53","slug":"update-1-s-africa-mine-unrest-to-lead-to-job-losses","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-s-africa-mine-unrest-to-lead-to-job-losses\/","title":{"rendered":"UPDATE 1-S.Africa mine unrest to lead to job losses"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Amplats says industry in financial distress<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Says can&#8217;t negotiate with strikers in climate of &#8216;anarchy&#8217;<\/p>\n<p><span><\/span><\/p>\n<p>By Olivia Kumwenda<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Nov 1 (Reuters) &#8211; South Africa&#8217;s platinum<br \/>\nindustry is in &#8220;severe financial distress&#8221; and high wage<br \/>\nsettlements to get wildcat strikers back to work will lead to<br \/>\njob cuts, Anglo American Platinum said.<\/p>\n<p><span><\/span><\/p>\n<p>The world&#8217;s top platinum producer said it was losing<br \/>\nproduction averaging 3,694 ounces of platinum per day due to a<br \/>\nstrike at its South African operations that is in its seventh<br \/>\nweek. To date 141,640 ounces of the precious metal have been<br \/>\nlost.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;This is completely the wrong time to be offering<br \/>\nunsustainable wage increases that the moment people are back at<br \/>\nwork you just have to (lay off) a whole lot of people,&#8221; the<br \/>\nfirm&#8217;s chief executive Chris Griffith told Talk Radio 702 On<br \/>\nThursday.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There will be implications for jobs,&#8221; he said adding that<br \/>\nAmplats could not &#8220;negotiate in a climate of anarchy&#8221;.<\/p>\n<p><span><\/span><\/p>\n<p>Amplats parent company Anglo American has already<br \/>\nplaced its four Rustenburg mines &#8220;under review&#8221; &#8211;<br \/>\nmanagement-speak for their possible closure.<\/p>\n<p><span><\/span><\/p>\n<p>Layoffs in the mining industry were a prime factor behind a<br \/>\nrise in unemployment in the third quarter that left more than<br \/>\none in four of the labour force out of work.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Amplats says industry in financial distress * Says can&#8217;t negotiate with strikers in climate of &#8216;anarchy&#8217; By Olivia Kumwenda JOHANNESBURG, Nov 1 (Reuters) &#8211; South Africa&#8217;s platinum industry is in &#8220;severe financial distress&#8221; and high wage settlements to get wildcat strikers back to work will lead to job cuts, Anglo American Platinum said. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-16065","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=16065"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16065\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=16065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=16065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=16065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}