https://www.miningweekly.com

Gold Producer Representatives Meet With Amcu

16th September 2013

By: Creamer Media Reporter

  

Font size: - +

This article has been supplied.

Angloglod  (0.07 MB)

 Representatives of the gold producers (AngloGold Ashanti, Harmony and Sibanye) met with representatives of AMCU today, at AMCU’s request.

The gold producers sought to engage with AMCU on the implementation of the wage agreement reached with the NUM, Solidarity and UASA, and which has now been applied to all employees in the bargaining unit. This application is irrespective of union affiliation, and applies also to non-unionised employees.

Speaking on behalf of the gold producers, Dr Elize Strydom reiterated the position of the industry. “The process of wage negotiations is about give and take and, in these negotiations we – as employers - have certainly made several moves to reach out to the unions, to find each other. The two-year agreement that will now be applied across the industry, effective 1 July 2013, will see an 8% increase in an entry-level employees’ guaranteed pay to R9,340 per month. This excludes any bonuses, allowances and overtime pay. It also excludes other costs to the company, such as employee taxation and levies.”

Wages and benefits make up between 50% and 55% of gold producers’ costs. The settlement represents a significant increase in the sectors’ cost profile, in an environment where the gold price remains under pressure.

 

Dr Strydom urged AMCU to work with the producers and other unions to ensure the sustainability of the industry – and jobs – in the long term.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.041 0.821s - 113pq - 2rq
Subscribe Now