All data is delayed
See More

De Beers strike over, wage deal signed

Aug 04 2011 19:07
I-Net Bridge
Johannesburg - De Beers Consolidated Mines and the National Union of Mineworkers (Num) on Thursday signed a two-year wage agreement, which ended a 14-day strike at diamond miner's operations in SA.

In terms of the deal, artisans and more skilled employees will receive 8% in wage increases, while entry level employees will get 10%.

The entry level employees constitute less than 10% of the 1 778 employees in the bargaining unit represented by the union.

The new scales will be implemented in August and backdated to May this year when the previous agreement expired.

De Beers said a 2% increase to the stand-by allowance was also agreed to. The agreement would be for a two-year period.

In 2012, wage increases will be at a level determined by the consumer price index plus 2%.

Wayne Smerdon, head of industrial relations at De Beers, said: "The company is pleased that after 14 days away the striking employees will report for duty on Friday. I expect the union, employees and management will have found the experience challenging and we will all have learnt some positive things from what happened."
mining industry  |  wage negotiations


Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills..

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote