Amplats and labour unions sign wage deal

News24 reports that Anglo American Platinum and labour have signed a wage deal which could set the bar for the rest of the industry, where talks are ongoing. In a signing ceremony on Thursday, Anglo American Platinum penned a five-year wage deal with three unions. These include the Association of Mineworkers and Construction Union (AMCU), the National Union of Mineworkers (NUM), and UASA. Amplats’ lowest-paid employees will receive an annual increase in basic salary of 7.5% or R1150 in year one, increasing to 7.5% or R1500 by year five. Supervisor-level employees will see basic salary increases of 6% in years one to three and 6.5% in years four and five. The medical aid contribution will increase by 7% per year.

With the increase in the basic pay, all other salary-related allowances and bonuses for employees will also increase as a result, including pension contributions. Housing allowances will also increase. Unions said the agreement can be revisited if inflation rises beyond a certain level. It’s the first wage deal that spans five years. It is also the first time an agreement was reached after just five meetings. Sitting alongside the unions, Natascha Viljoen, Amplats CEO, said a new paradigm in the mining industry had been created by this collective “breakthrough in how we look at wage negotiations”. The deal has been reached in a “collaborative and constructive” way, she said, indicating that the wage deal will be implemented from July.

by Lisa Steyn

Releated

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