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Business Report writes that the Association of Mineworkers and Construction Union (Amcu) on Friday said that it had brought certainty to the platinum industry after signing a three-year wage deal with SA’s biggest platinum producers.
Amcu signed the agreement with Sibanye-Stillwater, Anglo American Platinum (Amplats) and Impala Platinum (Implats) following four months of talks. At the signing ceremony, Amcu president Joseph Mathunjwa pointed out that the wage agreement had been concluded without a strike. “Amcu has been labelled as an irresponsible union that is not sensitive to the interests of the country. Surely, the president will give a round of applause to the union and companies for concluding the wage agreement without a strike,” Mathunjwa remarked. Sibanye-Stillwater CE Neal Froneman said the wage agreement had taken into account the longer-term sustainability of its operations and that it was encouraging that the negotiations had been conducted in a constructive manner without any disruption. Amplats CE Chris Griffith commented as follows: “We believe this agreement will ensure the business can remain sustainable through the typical PGM price cycles, while our employees will benefit from meaningful pay and other increases.” Implats group executive for people, Lee-Ann Samuel, said the wage deal was both fair and sustainable and that it took into account the inflationary pressures of employees. “The wage negotiation process, while undoubtedly robust, was conducted in a respectful and amicable manner, and is a testament to how our relationship with Amcu has developed,” said Samuel.
- Read the full original of the report in the above regard by Dineo Faku at Business Report
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