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Wait until these guys do eventually get their wishes and then suddenly get pissed of when SARS gets a chunk in paye. We demand 14500 and no tax! Phanzi SARS Phanzi !!
They seem to be surviving a long time considering they all clammed to have no money at all.
IF they have a work to go back to...
Keep in mind the loans they took out to cover their basics while out on strike... this all adds up.
Wizards' First Rule.
After 3 months of "no work, no pay" they have lost 25% of their annual income. So, even if they get a 25% increase now, they will be just as bad off as before the strike for at least a year. Damn Unions.
So surely the Platinum Mining Companies have presented the following figures to the union:
e.g:
Annual Revenue R100
Employee Costs R60
Operational Cost R30
Profit R10
and if we give you R12500:
Annual Revenue R100
Employee Costs R120
Operational Cost R30
Profit R-50
and we close down, bankrupt.
Or am I missing something here and it is more like a reduction in profit? If the Mines can show AMPOO that they would in fact make a loss if they implement the wages, then who can argue with that?