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Labour Court dismisses Amcu gold strike appeal

Mar 24 2016 17:59


Company Data

Sibanye Gold Limited [JSE:SGL]

Last traded 42
Change -1
% Change -3
Cumulative volume 5080938
Market cap 0

Last Updated: 24-10-2016 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA


Last traded 189
Change -9
% Change -5
Cumulative volume 1200023
Market cap 0

Last Updated: 24-10-2016 at 05:06. Prices are delayed by 15 minutes. Source: McGregor BFA


Last traded 43
Change -2
% Change -4
Cumulative volume 772836
Market cap 0

Last Updated: 24-10-2016 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - The Labour Court dismissed an appeal by the Association of Mineworkers and Construction Union (Amcu) relating to a dispute during 2013 wage negotiations, according to the Chamber of Mines, which represents mining companies.

The court agreed with AngloGold Ashanti [JSE:ANG], Harmony Gold Mining [JSE:HAR] and Sibanye Gold [JSE:SGL] that unions could only embark on a legal strike if they represented the majority of employees at the companies, the Chamber said on Thursday in a statement.

Amcu had argued they should be allowed to strike if they were the majority at individual mines.

Amcu still has a strike certificate at Sibanye, obtained during 2015 wage negotiations. The union previously said it would wait until the 2013 case was resolved before deciding on whether it should strike.

Manzini Zungu, a spokesperson for Amcu, said the union will make a statement after it has studied the judgment.

The dispute arose after Amcu gained members in South Africa’s gold industry in 2013 following its success in becoming the majority union across the platinum sector, displacing the National Union of Mineworkers.

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amcu  |  chamber of mines  |  labour  |  mining



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