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Sibanye and AMCU conclude 5-year platinum wage deal | Fin24


Two mine workers at Sibanye-Stillwater's Marikana operations walk home after their day shift. Photo: Tebogo Letsie

Two mine employees at Sibanye-Stillwater’s Marikana operations stroll dwelling after their day shift. Photograph: Tebogo Letsie

Sibanye-Stillwater and the Affiliation of Mineworkers and Development Union (AMCU) have concluded a five-year wage settlement on the firm’s Rustenburg and Marikana platinum operations.

Sibanye on Friday introduced it and the union had reached an settlement for a 6% improve in every year in respect of annual wages and advantages for workers on the two operations.

This settlement with AMCU follows earlier agreements reached with the Nationwide Union of Mineworkers and UASA 4 weeks in the past, and marks the conclusion of the wage negotiation processes on the platinum enterprise.

When it comes to the ultimate settlement, the primary three years comprise mounted, common, annual wage will increase of 6% and above for bargaining unit workers, with will increase for yr 4 and 5 mounted at R1 300 (6%) and R1 400 (6%) respectively.

Miners and artisans will even obtain common annual wage will increase of 6% every year for every of the 5 years. The ultimate settlement will likely be prolonged to all unionised and non-unionised workers at these operations.

Sibanye had final month expressed concern that AMCU management had rejected the deal for which there seemed to be overwhelming assist for by workers and union representatives on the operations.

“We’re happy to have concluded these wage negotiations timeously and expediently, with out disruption or the necessity for third get together intervention,” mentioned Sibanye CEO Neal Froneman.

“The annual wage and profit will increase which have been agreed are consistent with inflation and safe a five-year interval of stability on the Rustenburg and Marikana operations, which will likely be helpful for all stakeholders.”

In Might AMCU and Anglo American Platinum agreed to a deal which noticed employees obtain a mean pay hike of 6.6% from July onwards. A month later, Impala Platinum agreed to a deal consistent with mining inflation of round 6.5%. 

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