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Experts Estimate Numsa Strike Costs at R500m in Lost Output

SOUTH AFRICA
  • Industry experts estimate that the ongoing Numsa steel/engineering strike has cost the sector R500m in lost output in its first week and over R100m in lost wages for employees
  • They say the 300k worker walkout has affected five provinces and caused supply chain disruptions to a number of major firms
  • Numsa has yet to get back to employers about the sweetened 6% wage deal offer (up from 4.4%) - which was offered earlier this week.
  • Employers warn, however, that no matter the outcome, job cuts are highly likely in the aftermath and will become progressively worse the longer the strike persists - News24
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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