Village Main Reef signs two-year wage agreement with unions
Trade unions the National Union of Mineworkers and Uasa have signed a two-year wage agreement with gold miner Village Main Reef (VMR), effective July 1, 2021, to June 30, 2023.
This follows an announcement by trade union Solidarity last week that it too had signed the agreement with VMR.
Under the terms of the agreement, Category 4 to 8 workers will receive a wage increase of R800 a year, while miners and artisans will get a 5% increase.
Lower-level officials will receive an R800 or 5% increase and officials will get a 5% increase on the standard rate of pay.
VMR will increase the current living out allowance to a maximum of R2 500 for all employees - R100 from September 1, 2021, and R100 from September 1, 2022.
The company will comply with the 2018 to 2021 minimum medical incapacity benefit of R60 000.
The company will provide employees with four months paid maternity leave in terms of applicable policies and procedures, with the option to average out over six months.
VMR will provide paternity leave as provided for in the Basic Conditions of Employment Act.
In the event of retrenchments, the company will pay a severance benefit as provided for three years in terms of the Mineral Council Agreement for the period 2018 to 2021.
In year one, the company will increase the minimum severance amount of R1 000 to the maximum amount and do the same in year two.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation