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Cape Town - A complex agreement will be on the table when the Commission for Conciliation Mediation and Arbitration makes another attempt to resolve the two-month long platinum sector strike.
The deal involves housing provision, housing and other allowances, a possible one-off payment and the phased-in introduction of a new entry-level wage for underground workers.
CCMA commissioners met with the Association for Mining and Construction Union (Amcu) negotiators on Wednesday and will meet employer representatives on Monday.
These meetings should be followed by another roundtable discussion brokered by the CCMA and there seems a consensus that an agreement is in the offing.
This is understandable since the pressure for compromise is being felt by both sides.
Miners, unpaid for eight weeks, are becoming desperate, while Anglo Platinum [JSE:AMS], Impala Platinum [JSE:IMP] and Lonmin [JSE:LON] face the fact that their stockpiles are all but depleted.
Serious losses are on the cards for the three major producers unless work can get underway again within a week or two.
For many of the miners, the situation has been desperate almost from the first week of the strike.
They were indebted before the strike began and face even worse penury now. Which is why they have agreed to their iconic R12 500 a month entry level wage being phased in over years?
Significantly, the offer to phase in the entry-level wage was tabled by Amcu negotiators before receiving a mandate from their members.
However, once the offer had been tabled and was brought back to the union members, it was agreed.
- Fin24
The deal involves housing provision, housing and other allowances, a possible one-off payment and the phased-in introduction of a new entry-level wage for underground workers.
CCMA commissioners met with the Association for Mining and Construction Union (Amcu) negotiators on Wednesday and will meet employer representatives on Monday.
These meetings should be followed by another roundtable discussion brokered by the CCMA and there seems a consensus that an agreement is in the offing.
This is understandable since the pressure for compromise is being felt by both sides.
Miners, unpaid for eight weeks, are becoming desperate, while Anglo Platinum [JSE:AMS], Impala Platinum [JSE:IMP] and Lonmin [JSE:LON] face the fact that their stockpiles are all but depleted.
Serious losses are on the cards for the three major producers unless work can get underway again within a week or two.
For many of the miners, the situation has been desperate almost from the first week of the strike.
They were indebted before the strike began and face even worse penury now. Which is why they have agreed to their iconic R12 500 a month entry level wage being phased in over years?
Significantly, the offer to phase in the entry-level wage was tabled by Amcu negotiators before receiving a mandate from their members.
However, once the offer had been tabled and was brought back to the union members, it was agreed.
- Fin24
