South Africa’s platinum producers will be taking their revised settlement offer straight to the striking workers after wage talks with the Association of Mineworkers and Construction Union (AMCU) failed once again.
The three-month strike has brought Anglo American Platinum (Amplats), Impala Platinum (Implats) and Lonmin to a standstill while crippling the platinum industry and costing employees some R6.4 billion in lost income and the producers around R14.5 billion in lost revenue.
Recent meetings between the producers and representatives of Amcu resumed this week in a process facilitated by the Minister of Labour. The settlement offer would see the minimum cash remuneration (comprising basic wages and holiday, living-out and other allowances) for entry level underground employees rising to R12,500 per month (R150,000 per annum) by July 2017.
Nevertheless, the platinum companies report that no resolution has been achieved. “[We] urged Amcu’s leadership to consider the economic position of the industry and the companies, and the dire circumstances of employees, and to recommend the settlement offer made by the producers to their members,” the companies said in a joint statement.
CEOs, Chris Griffith, Terence Goodlace and Ben Magara said: “We strongly urge the AMCU leadership to take this fair settlement offer to their members and to let them decide. The producers have a duty to provide the details of the settlement offer to our employees and will do so forthwith.”
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