A strike by South African steel industry workers has cost the industry about R500 million in lost output, the Steel and Engineering Industries Federation of Southern Africa has said.
The work stoppage has also resulted in the loss of about R100 million in wages, Seifsa Chief Executive Officer Lucio Trentini said by text message on Thursday.
Employer body the National Employers Association of South Africa said earlier in the week that the strike is likely to lead to job cuts, further hammering an industry that’s been in decline for several years.
The week-long walkout by as many as 300 000 members and allies of the National Union of Metalworkers of South Africa has affected five provinces and disrupted supply chains to major firms, including carmaker BMW.
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