Advertisement
UK markets closed

  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     

  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     

  • CRUDE OIL

    82.79
    -0.57 (-0.68%)
     

  • GOLD FUTURES

    2,329.90
    -12.20 (-0.52%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • Bitcoin GBP

    51,228.65
    -1,885.40 (-3.55%)
     

  • CMC Crypto 200

    1,385.07
    -39.03 (-2.74%)
     

  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     

  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     
Money:

The five essential pieces of financial paperwork you must never lose

Mislaying key documents can cause real headaches, so it’s worth tracking down these most commonly-lost bits of paperwork

South Africa's Kumba Iron Ore tells union to brace for lay-offs

Reuters - UK Focus

JOHANNESBURG, Jan 20 (Reuters) - Kumba Iron Ore (Other OTC: KIROY - news) has informed South Africa's National Union of Mineworkers (NUM) that it will issue lay-off notices this year if low prices persist for the steel-making ingredient, the union's general secretary said on Wednesday.

"The price has put them in dire straights and there is a prospect of them issuing a Section 189 notice at Sishen mine," NUM General Secretary David Sipunzi told Reuters.

He was referring to the regulatory process South African employers must follow before they lay off staff.

"They have been trying to sensitise us to this possibility. If the price remains like this for a few months they will have no choice but to issue a Section 189," he said. (Reporting by Ed Stoddard; Editing by James Macharia)