De Beers’
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Johannesburg, South Africa — 04 July 2013 – De Beers Consolidated Mines and the National Union of Mineworkers (NUM) have failed in their attempt to reach a wage agreement in a meeting held before the Council for Conciliation, Mediation and Arbitration (CCMA).

“This meeting followed a dispute declared early in the negotiations by the NUM on 12 June 2013.  The CCMA was unable to mediate the dispute and issued a certificate to this effect,” said De Beers lead negotiator Wayne Smerdon.

“This means that the union is able to give the company 48 hours’ notice of its intention to embark on protected industrial action, or the company may give the union 48 hours’ notice to lock out union members,” he explained.

“We had agreement in the CCMA on the broader issues in the wage negotiation. However several demands from the union, which all have high cost implications and which the union was not prepared to negotiate on, led us to a point where we could not agree on a settlement,” said Smerdon, adding that “the company had on the table a competitive offer which was sustainable into the future.”

De Beers has made the necessary contingency plans in the event that the NUM resolves to pursue with strike action. The company will continue to seek to find constructive means to resolve the dispute with the NUM.  

Source: Fin24. For more information, click here.