Better for Amplats to suffer strike

[miningmx.com] – IT was better for Anglo American Platinum (Amplats) to suffer the effects of a strike at its mines than bow to union demands that it reverse its decision to restructure its operations, said Neill Young, an analyst for Coronation Asset Management in an interview with Bloomberg News.

“It is better in the long-term interest of the business to take a strike to establish a realistic wage base and to put the company in a profitable position,’ Young said.

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