April 13, 2024

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Transnet force majeure partially lifted as strike ends

Image: Bloomberg

Point out-owned port and rail operator, Transnet, partly ended a force majeure in put at its harbours following reaching an arrangement with employees who went on strike about wages two months ago.

Transnet claimed in a assertion the measure adopted for automotive, bulk and multi-reason terminals is “being uplifted with instant effect” following a dispute with two labor unions was settled. The strike, commenced by the United Nationwide Transportation Union on Oct 6 and joined by the South African Transport and Allied Personnel Union 4 days later on, has afflicted exports of iron ore, coal, chrome and some agriculture products and solutions.

Read all our Transnet protection here.

Since of backlogs at its container terminals and the impression this has on functions, the pressure majeure for these services remains and might be lifted by Oct. 31, the ports operator reported.

Transnet is “implementing recovery strategies to stabilise operational effectiveness and efficiencies throughout its terminals, pursuing the industrial motion by personnel which finished earlier this week,” it said in the statement.

The Minerals Council South Africa, an field foyer for even bigger mining corporations, has estimated the strike price its members about R815 million a working day. Fruit producers have also expressed problem that their harvests will rot at the docks.

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