Fin24 reports that Anglo American Platinum (Amplats) announced on Friday that it has signed a three-year wage agreement with the Association of Mineworkers and Construction Union (Amcu).  

The agreement is retrospectively effective from 1 July 2016 and makes provision for an annual increase of R1,000 or 7% (whichever is greater) per month in basic pay for bargaining unit employees for the three-year period.  The increases range from 12.5% for the lowest paid employees to 7% for other bargaining unit employees in higher level bands.  Other improvements relate to housing allowances, medical aid contributions and holiday leave allowances.  The agreement has been extended to members of the National Union of Mineworkers (NUM) and the United Association of SA (Uasa), as well as to non-union affiliated employees.

• Read this report in full at Fin24
• See too, Amcu agrees wage deal with Amplats, at Moneyweb
• Read the company’s press statement at Amplats online
• Read Amcu’s press statement in this regard at Amcu online

Get other news reports at the SA Labour News home page