nickel goings on...

  1. 708 Posts.
    Norilsk workers on hunger strike
    07 February 2003

    CONCERN that Russia's metal giant Norilsk Nickel will be hit by widespread industrial action continued to grow overnight with reports of a hunger strike being started by 25 trade union leaders.

    According to British and Russian news services the hunger strike was set to start late Thursday.

    A spokesman for the unions said the action was being taken in support of a 14% salary increase for Norilsk workers.

    The union leaders said they would not eat for a week, unless "top management at Norilsk Nickel continues postponing settling urgent issues".

    Norilsk is the world's biggest nickel producer. Any shutdown of operations would have a severe effect on an already tight nickel market.

    .........................

    This possibility of a strike at the world's largest nickel producer has been hanging over the nickel market for a while now. If a general strike occurs, needless to say, the price of nickel will skyrocket.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.