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Lonmin PLC receives strike notice from AMCU

Monday, 20 Jan 2014 05:30am EST 

Lonmin PLC:Says The Association of Mineworkers and Construction Union (AMCU) has on Jan. 20 issued Lonmin Plc (Lonmin) with a 48-hour notice of its intention to embark upon protected strike action.Says according to the notice received from AMCU, the strike will commence on Jan. 23.Says it met with majority union AMCU at the Commission of Conciliation, Mediation and Arbitration (CCMA) on Dec. 10, as part of ongoing attempts to reach a sustainable resolution to the wage demands.Says regrettably, no resolution was achieved and the Commissioner issued the certificate of non-resolution.Says South African labour relations legislation now allows AMCU to embark upon legal strike action, to which the no work - no pay principle will apply.Says it remains committed to finding a positive and sustainable resolution to the dispute in the interests of all its stakeholders and management continues to engage at all levels to seek agreement. 

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37.0 +0.86%
28 Jul 2014