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Lonmin honoured wage agreement

Feb 05 2013 19:24 Sapa

Company Data

Lonmin plc [JSE:LON]

Last traded 51.80
Change -0.21
% Change 0.00
Cumulative volume 315813
Market cap 29.45bn

Last Updated: 24/04/2014 at 12:54. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - The wage agreement negotiated for Lonmin [JSE:LON] workers last year has been implemented, Lonmin Platinum said on Tuesday.

"Lonmin honoured the wage agreement of 18 September 2012 and implemented all its provisions in October 2012," Abey Kgotle, Lonmin's executive manager for human capital, said in a statement.

"As wages are complex and staff have slightly different packages, we have established a range of mechanisms to engage staff and explain their payslips."

Kgotle was responding to an open letter to Lonmin by United Democratic Movement leader Bantu Holomisa, who said some Lonmin workers had complained that they had not received their full pay rise.

"Mineworkers claim that they are still paid in accordance with the old salary agreement," Holomisa wrote in the letter.

Lonmin miners reportedly negotiated a 22% pay rise last year after labour unrest, which culminated in the shooting of 34 strikers in August.

Holomisa said: "Nearly four months since this agreement was reached, I am inundated with calls from the mineworkers complaining about the fact the 22 percent salary increase is yet to reflect on their payslips."

Kgotle said the agreement included a signing bonus of R2 000 for employees who returned to work, and an average rise of between 11% and 22% for employees in the total package of workers in the "category four to nine bargaining unit".

It also included an increased basic salary, medical, housing and holiday allowances, and an increased contribution to workers' pension funds.
lonmin  |  wage agreement


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