This month has seen the occurrence of not one but several potentially crippling strikes across a broad spectrum of industry. Headlines splashed across newspapers such as: Strike goes on as talks fail; Car, steel sectors await strike blow; Unions and bosses meet for strike talks; Wage blues ... to name but a few - have caused jitters on the stock market.But what is the cost to industry? Auto industry employers say the strike has already cost the country R200-million a week in lost foreign exchange earnings; Northam Platinum says it is losing about R2-million/day as a result of the strike action by its workers, to name but a few.
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