adminAnglo American Platinum Impala Platinum and Sibanye announced a three-year wage deal with the National Union of Mineworkers, the Association of Metalworkers and Construction Union and Uasa.
Amplat’s agreement included an annual increase of R1,000 per month in basic salary pay, salary related allowances, pension contributions and an ex-gratia payment of R1 000 in July 2010 and R1 500 in July of 2021. Anglo American Platinum CEO, Chris Griffith, said welcomed the agreement and the “collaborative and constructive engagements” that the company had with the unions throughout the process.
“We believe this agreement will ensure the business can remain sustainable through the typical platinum group metal price cycles, while our employees will benefit from meaningful pay and other increases,” said Griffith. — fin24.com
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