Today's Labour News

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Sibanye StillwaterANA reports that on Tuesday following a public holiday and with the ongoing strike at Sibanye-Stillwater’s gold operations in SA entering a fourth week, the precious metals producer’s share price declined 4.3%.  

The strike, which began on 21 November on the part of almost 15,000 Association of Mineworkers and Construction Union (Amcu) members, has seen a slump in production.  It has also been marked by violence and intimidation.  Three people died and several were assaulted at the company’s Beatrix, Kloof, and Driefontein mines.  Sibanye currently employs approximately 32,200 people at its SA gold operations, with Amcu representing approximately 43% of employees in the bargaining unit.  Amcu members embarked on a strike three weeks ago demanding R1,000 increases in monthly wages every year for the next three years.  Three other unions representing 49% of the workforce, namely the National Union of Mineworkers (NUM), Solidarity and Uasa, have signed a three-year wage agreement with Sibanye covering the period July 2018 to June 2021.  The agreement provides for increases to the basic wages of so-called category 4-8 surface and underground employees of R700 per month in the first year, R700 in the second year, and R825 in the third year.

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