South Africa platinum bosses say cannot afford union wage demands

Wed, 22 Jan - 2:46am

JOHANNESBURG, Jan 21 (Reuters) - The chief executives of the world's top three platinum producers said on Tuesday wage hikes being sought by the AMCU union, which plans a strike against their South African operations this week, were "unaffordable and unrealistic."

In a rare joint statement, the heads of Anglo American Platinum AMSJ.J , Impala Platinum IMPJ.J and Lonmin said that "it is of great concern ... that employees are being made promises by AMCU that cannot be delivered upon."

(Reporting by Ed Stoddard; Editing by Stella Mapenzauswa)

((Edward.Stoddard@thomsonreuters.com)(+27 11 775 3160)(Reuters Messaging: edward.stoddard.thomsonreuters.com@reuters.net))

Keywords: SAFRICA STRIKES/CEOS

URN: 
urn:newsml:reuters.com:20140121:nL5N0KV3AV:8
Topics: 
ZA GB CMPNY INDS JOB PREC MINE METL MIS RTRS DISP MIN GDM COMA BMAT GOL MUL EUROPE PGM MEMI PLAT MET EUROP COM EMRG LEN PREMTL BACT AFR WEU AFE MTAL

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