Evraz said Tuesday that it had resumed operations of its steel and vanadium asset in South Africa, following a shutdown caused by a strike last month.
"Evraz announces the restart of operations at Evraz Highveld Steel and Vanadium, which had been temporarily suspended as a result of an industrial action announced by Evraz Highveld's largest union, NUMSA, at the end of July," the company said in a statement.
The operations at Highveld, which represents less than 1 percent of the company's consolidated core earnings, were suspended after its workers went on strike against the decision to convert a three-shift system to a four-shift system.
Evraz said an agreement was reached to provide certain compensation for employees who would have been financially affected by the implementation of the four-shift system.
(Reuters)
… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.
We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.
Remind me later.