Today's Labour News

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FronemanBusiness Report writes that outspoken Sibanye-Stillwater chief executive Neal Froneman insists the gold mining industry won't be bullied into signing a wage settlement with the unions this week.  

Froneman said that while a strike should be avoided at all costs, the industry and the unions were still far from an agreement.  He pointed out:  “The stakeholder that is the most damaged in a strike is the worker.  Literally within a few days, the workers never recover what they lose in a strike.  That serves no purpose.  It is a destructive mechanism… We can't as an industry be bullied by that kind of threat.  There is still a long way to go in the negotiations, and a strike will not resolve the issue.”  The talks have been going on since July between gold producers AngloGold Ashanti (AGA), Harmony Gold, Sibanye-Stillwater and Village Main Reef and unions Solidarity, the National Union of Mineworkers (NUM), the Association of Mineworkers and Construction Union (Amcu) and UASA.  Amcu this month declared a dispute with Sibanye, while NUM declared it with all the companies last month.  This impasse has been referred to the Commission for Conciliation, Mediation and Arbitration.  On Monday, Amcu and Solidarity signed agreements with AGA.

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