Amcu, platinum firms sign mine deal
Fin24

Amcu, platinum firms sign mine deal

2014-06-24 15:20

Johannesburg - The Association of Mineworkers and Construction Union (Amcu) and platinum firms have signed a settlement agreement following a crippling five-month wage strike.

Workers are expected to return to work on Wednesday.

The platinum miners have been on strike at Anglo Platinum (Amplats) [JSE:AMS], Impala Platinum (Implats) [JSE:IMP] and Lonmin [JSE:LON] since January 23 this year.

All three mines issued statements on the signing of the deal.

Lonmin chief executive Ben Magara said: "The signing of today's agreement brings to an end the extreme hardship suffered by all stakeholders, the country, our communities, suppliers and in particular our employees, over the last five months.

"We believe that signing this agreement with our majority union is the only way forward in re-building our business."

Implats' chief executive, Terence Goodlace, said that he was relieved that Amcu members had accepted the company's fair and final settlement offer.

He also acknowledged the contributions made by the various authorities and senior South African government officials over the last five months to enable this final settlement.

For Implats, the immediate focus will be to ensure a safe return to a normal working environment.

Amplats said the agreement is expected to increase the total labour cost-to-company by 10.5% in year 1, 7.7% in year 2 and 7.1% in year 3 or 8.4% on average over the 3 year period.

The wage deal includes:

- An annual increase of R1 000 per month in basic pay for A and B-band employees in years 1 and 2 and R950 per month in year 3

- Increases in basic pay of 8% per annum for C and D1 for years 1 and 2 and 7.5% for year 3

- Living-out allowances and Housing rent subsidies for employees will increase in line with CPI in year 1 and remain flat in years 2 and 3

- Housing allowance will increase by 8% in year 1 and remain flat in years 2 and 3; and

- Other allowances will increase in line with salary increases in year 1 and there will be no further increases in years 2 and 3.

  - Sapa with Fin24


Comments
  • Lorent Green - 2014-06-24 15:25

    This good news now their kids will be able to sleep with full stomachs, its been a hussle

      Mike Heyns - 2014-06-24 17:19

      On the flip side though Lorent. The strikers out there hardly knows in which category they fall, so it is immaterial to them! They are told when not to go to work and when to! In two to three months time they are going to realise that everything is not as rosy as they thought, and we are back to the drawing board! Call ALL 70,000 strikers and ask them whether they understand these conditions? If you can find 50 that's correct, you score the lotto (no pun intended) ! Yet their Union leaders now sit back and enjoy the contributions coming in! For the short term though, thus grab and run!

  • Lorent Green - 2014-06-24 15:27

    The miners must never be fooled again hunger is no friend to anyone had it not been for the good hearts of samaritans most of them would be dead by hunger now, a lesson well received hope they did

  • Archie Dempster - 2014-06-24 15:31

    I think AMCU didn't sign they would have lost all their members and I think the mines must keep better books on the membership of the unions as members get the mines to deduct their subs from their wages

  • Peter William - 2014-06-24 15:48

    No mine nor company should deduct membership fees from salaries/wages this should be done outside the work place by the individuals. Then we will see fun and games as the workers will resent paying fres so guess who will be broke in no time. ..The unions of course

      cobienk - 2014-06-24 16:01

      Good idea

  • Ngwato Wa Ga Monakedi - 2014-06-24 15:54

    well done AMCU, You are the Best of the Best.

      Jan Fourie - 2014-06-24 16:00

      Sure you passed grade 3 with just over 30%

      John Loveland - 2014-06-24 16:06

      They could have gotten that deal 3 months ago.... There is nothing substantial in it. The arrogance of the union bosses and their ridiculous "demands" have lost the miners money which they will never make up. I just hope they remember the hardship they experienced next time the union calls for a strike.

      Deon Louw - 2014-06-24 16:11

      Maybe next year they can strike for 12 months? They are not better because the strike lasted longer. They are the worst ever union.

      George Slade - 2014-06-24 16:16

      waga waga --and you are the dumbest of the dumb -Eish !

      Jabue MaTembe Ngubane - 2014-06-24 16:32

      Best of the best...really?

  • jacqui.vanzweeden - 2014-06-24 16:07

    All that for basically nothing.

  • George Slade - 2014-06-24 16:13

    Well reading this I can GUARANTEE that after Year one the Wukkers will be striking again as minimal increases kick in . Gret Win for the Mining Houses ; Viva or whatever

  • George Monoyoudis - 2014-06-24 16:14

    The mines have all these clowns (unions included) right where they want them. The strike was just long enough. The mines saved the money they lost on production on wages and then paid the increase they were going to anyway. Their overheads were low and I bet the goverment paid them behind the scenes to be able to 'intervene' just at the right moment to look like heroes. And all the suckers fall for it. Next round next year.

  • Roddy Jardim - 2014-06-24 16:19

    Absolutely right, amcu are seen as heroes by some morons on this site. Yet , take away all the hype and they would uave probably got a similar deal without the unions. Amcu bosses smiling all the way to the bank. The workers are still the losers , they can never make up tje money they lost. This will only strengthen the mines resolve to become somewhat more automated.

  • Jabue MaTembe Ngubane - 2014-06-24 16:33

    I smell more strikes from other mine workers coming along too.

  • Victor Cover Mkhaliphi - 2014-06-24 16:43

    Victory for everybody!

  • Vhafhuwi Kganki Makobe - 2014-06-24 16:51

    22%, 18%, 15% for years 1, 2 and 3 respectively, figures based on a worker who earns R4500. Usually the increament is between 4 to 8% annually.. So who really won

  • Mpho Mosanka Mashegoane - 2014-06-24 16:56

    They went on strike for 5 months asking for R12500 and only got R1000 over 3years and these AMCU celebrate...what a stupid move...now planB for our people dignity and our mineral.watch the next move as AMCU member will be fired in exchange for ANCYL that is threatening to join EFF after they were promised Mining jobs before elections

      Theophilus Katlego - 2014-06-24 18:05

      Mpho i thought u black persons will celebrate wth dis myn workers hu hv bn enslaved 4yrs bt u show ur favouritism f capitalist movemnt f apartheid structr,u r useless mpho@i dnt evn thnk u no@andastnd de conditions in wch dis ppls r working anda,sies man u think if ur anc gvmnt wldnt hv pressurd DMR min 2wthdraw frm negotiasns we wld b talking a dfrent story,Go n support ur traitors num@zokwana.Thaaata Amcu thaaaata..United we stand s workers

  • jonas.Bnet - 2014-06-24 17:08

    How do you now heal the wounds between the parties. How can one go down a mineshaft with murderers? They need to arrest the trouble makers

  • Antony Fernandes Da Conceicao - 2014-06-24 17:26

    Have the miners factored in the loss of income during the duration of this strike..... *sigh*..... And BOOM Nigeria takes the lead in Africa

  • Ngodiseni Nemavhulani Munarini - 2014-06-24 17:59

    Thank God

  • AndrĂ© Van Wyk - 2014-06-24 18:42

    Expect lots of retrenchments.

      Jack Bongani Phala - 2014-06-25 15:06

      Expext loosin mines and farms

  • mwicraig - 2014-06-24 18:43

    Boring......who cares??

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