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Johannesburg - The National Union of Mineworkers (Num) on Thursday reached a two-year wage deal with Northam Platinum, one of the country’s smaller producers of the precious metal.
Labour unions have so far also reached wage deals with gold, coal and diamond miners and most of the big platinum firms.
Following a pattern seen in recent years, union demands and subsequent settlements have often been far above the official inflation rate, which was 6.0% in October.
The Northam deal is with the group’s Zondereinde division and the average wage increases are from 9% to 9.5% in both years, backdated to July 1 2011, the company said on Friday.
Impala Platinum, the world’s second-largest platinum producer, reached an agreement with the Num in October for wage increases of 8.5% to 10% for the first year and 8% to 10% for the second year, depending on worker category.
Anglo American Platinum, the world’s largest platinum producer, made a similar settlement with the union in late August. Its wage increases for the next two years are in the 8% to 10% range.
In the second year, the wage hike would be 8% plus 2% or 9% plus 2%, depending on the worker category, should the average consumer price index increase equal 8%.
Labour unions have so far also reached wage deals with gold, coal and diamond miners and most of the big platinum firms.
Following a pattern seen in recent years, union demands and subsequent settlements have often been far above the official inflation rate, which was 6.0% in October.
The Northam deal is with the group’s Zondereinde division and the average wage increases are from 9% to 9.5% in both years, backdated to July 1 2011, the company said on Friday.
Impala Platinum, the world’s second-largest platinum producer, reached an agreement with the Num in October for wage increases of 8.5% to 10% for the first year and 8% to 10% for the second year, depending on worker category.
Anglo American Platinum, the world’s largest platinum producer, made a similar settlement with the union in late August. Its wage increases for the next two years are in the 8% to 10% range.
In the second year, the wage hike would be 8% plus 2% or 9% plus 2%, depending on the worker category, should the average consumer price index increase equal 8%.
