Today's Labour News

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amcu thumb medium80 81BusinessLive writes that the Association of Mineworkers and Construction Union (Amcu) is playing a high-stakes poker game with the steely Sibanye-Stillwater CEO Neal Froneman over wage increases.  

The ultimate losers will be the 32,200 employees at the company’s gold mines.  Amcu has called a year-end strike at Sibanye’s three large gold mines and supporting structures by its 15,000 members at a time when the mines are coming out of a very difficult first six months of 2018.  The operational recovery started slowly in the third quarter, but the wage strike called by Amcu is derailing any progress the company saw at its embattled gold mines.  The timing of the strike is peculiar, coming as it does at the end of the year when underground workers push hard to secure their bonuses.  From some accounts, the timing of the strike is increasingly unpopular and it seems Amcu president Joseph Mathunjwa has painted himself into a corner with his unequivocal demands for a flat R1,000 a month increase after three other unions settled for slightly lower increases.  Froneman too is not going to back down.  So the stage is set for a humiliating climb down by one party or the other

  • Read the full original report by Allan Seccombe at BusinessLive


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