Home > News > World
Sunday February 2, 2014 MYT 5:35:02 PM
Sunday February 2, 2014 MYT 5:36:03 PM
JOHANNESBURG (Reuters) - South African government mediators have put forward a proposal designed to end a strike that has hit around 40 percent of global platinum supply, they said at the weekend.
It was not immediately clear what the proposal entails and the Commission for Conciliation, Mediation and Arbitration (CCMA) declined to say what is in it.
"The mediated proposal or a variation thereof could form the basis of a final settlement in this dispute," said Nerine Kahn, CCMA director in a statement.
Talks between South Africa's main platinum union, AMCU, and three platinum producers - Anglo American Platinum, Lonmin and Impala Platinum - were suspended until Tuesday, CCMA said.
The companies and AMCU also declined to disclose the content of the mediators' proposal.
Workers downed tools a week ago, seeking a doubling of wages to 12,500 rand ($1,100)a month, a demand companies have said they can ill-afford as they struggle to recover from a wave wildcat strikes that battered the sector in 2012 and led to dozens of deaths.
"It is imperative that a resolution is affordable, achievable and sustainable," the three companies said in a joint statement.
AMCU rejected a revised 9 percent wage hike offer last week.
(Reporting by Tiisetso Motsoeneng; Editing by Alison Williams)
Germany's AfD founder reclaims control of eurosceptic party
Crucial week for under-fire Australian PM after 'catastrophic' poll
Islamic State says it has beheaded second Japanese hostage Goto
Right-wing firebrand shakes up cosy Swiss politics
Dynamic and Stylish BMW X1
Healthy living in the heart of Ampang
UK Gmail users can now send cash by e-mail
African football at credibility crossroads
Coming to farmers’ aid
Copyright © 1995-2015 Star Publications (M) Bhd (Co No 10894-D)