HomeNewsWage agreement reached at Impala

Wage agreement reached at Impala

No strike at
Impala Platinum
Johannesburg, South Africa — MININGREVIEW.COM — 23 August 2010 – South Africa’s biggest mining trade union “’ the National Union of Mine Workers (NUM) “’ and Impala Platinum (Implats) “’ the second-largest platinum producer in the world “’ have reached an agreement on wages and housing allowances, ending threats of strike action, according to a union official.

The NUM was demanding a 10% pay rise across the board and R1 700 rand in housing allowances for its members.

Implats offered a 7.5% pay rise for workers in the high income bracket and 8% for those in the lower category, which the union accepted.

“We have just signed an agreement. There will be no strike,” NUM chief negotiator at Impala Eddie Majadibodu told Reuters.

The union and Implats also reached a deal for a R1 700 home ownership allowance and a R1 200 living-out allowance for workers who do not live in the company’s hostels.But the parties could not agree on pension contributions, and the union will be taking the matter to arbitration, said Majadibodu.

Implats management and the NUM have been in talks for more than three weeks to end the deadlock and avoid a strike.

South Africa has been hit by a wave of strikes and strike threats in both the private and public sector, which have led to above-inflation settlements and stoked fears that the cost of living will rise. South Africa’s inflation rate slowed to 4.2% in June.