Lonmin chief executive Ben Magara.
Lonmin chief executive Ben Magara.

Lonmin boss sees no end to strike

By Reuters Time of article published Mar 26, 2014

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Johannesburg - The chief executive of platinum producer Lonmin has told staff to take voluntary leave because a wage strike at its South African operations by the Association of Mineworkers and Construction Union (AMCU) looks set to continue.

“Given the reality of a prolonged strike and AMCU's unrealistic demands, we have to make tough decisions to preserve and protect the business by reducing costs and conserving cash,” Ben Magara said in a March 25 memo seen by Reuters. - Reuters

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