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IMPUY Impala Platinum Holdings Ltd (QX)

4.90
0.00 (0.00%)
24 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Impala Platinum Holdings Ltd (QX) USOTC:IMPUY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 4.90 4.90 4.90 0.00 01:00:00

Lonmin: Wage Demands by Mineworkers Union Unrealistic

21/01/2014 7:06pm

Dow Jones News


Impala Platinum (QX) (USOTC:IMPUY)
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LONDON--Platinum producer Lonmin PLC (LMI.LN), together with Impala Platinum (IMP.JO) and Anglo American Platinum (AMS.JO), said Tuesday that the current wage demands by the Association of Mineworkers and Construction Union are unaffordable and unrealistic and a strike will not benefit workers.

MAIN FACTS:

-Offers on the table by the three platinum companies currently in collective bargaining processes with AMCU range from:

* 8% to 8.5% for employees in the A and B-band bargaining unit.

* 7.5% for C level employees.

* Accommodation and other allowances will also be increased.

-Offers compare favorably with increases in other sectors and are above the current inflation rate of 5.3%.

-Write to Tapan Panchal at tapan.panchal@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


1 Year Impala Platinum (QX) Chart

1 Year Impala Platinum (QX) Chart

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1 Month Impala Platinum (QX) Chart

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