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Steel strike could lead to job cuts

South Africa’s ongoing steelworker strike is likely to lead to job cuts, further hammering an industry that’s been in decline for several years, according to the country’s main employer body. 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 AG. The labor group is weighing a response to a renewed pay offer, spokesperson Phakamile Hlubi-Majola said Tuesday.

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