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Amplats, Num seal two-year wage deal

Aug 31 2011 16:02 Reuters

Company Data

Anglo American Plat Ltd [JSE : AMS]

Last traded R469.50
Change R-6.45
% Change -1.36%
Cumulative volume 279,994
Market cap R126.62bn

Last Updated: 25/05/2012 at 19:32. Prices are delayed by 15 minutes. Source: McGregor BFA

 

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Johannesburg - The National Union of Mineworkers (Num) said on Wednesday it had agreed to a two-year wage deal with Anglo Platinum [JSE:AMS], the world’s top producer of the precious metal which accounts for about 40% of global supply.

The union said Amplats agreed to raise wages by between 8% and 10%, depending on worker category. The union was demanding a 15% rise.

The Num’s wage talks with Impala Platinum are now in arbitration, while negotiations with Northam Platinum and Lonmin are expected to resume in September.

 
 
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