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South Africa Chrome Co. Glencore Xstrata Ends ‘Illegal’ Strike, Fires 1000 Workers

South Africa Chrome Co. Glencore Xstrata Ends ‘Illegal’ Strike, Fires 1000 Workers

From Reuters

Glencore Xstrata Plc sacked 1,000 workers across three of its chrome mines in South Africa for going on illegal strike last week, bringing those operations to a standstill, the company said on Monday.

The dispute at the mines near Steelpoort, northeast of Johannesburg in Limpopo province, added to long-running friction in the mining industry that has caused production to slow, raised concerns about Africa’s largest economy and sent the rand to fresh four-year lows.

Chromium is a raw material used to produce ferrochrome, a key ingredient to make stainless steel.

Read more at reuters.com