Amcu signs three-year wage agreement with big platinum players
The union, Lonmin, Amplats and Implats have agreed to a R1,000 basic salary annual increase for three years.
JOHANNESBURG – The Association of Mineworkers and Construction Union (Amcu) has officially signed three-year wage deals with the country’s largest platinum producers.
All parties have agreed to a R1,000 basic salary increase for employees.
This means workers at Lonmin, Anglo American Platinum and Impala Platinum will receive the hike annually for each of the next three years.
The agreement, which was signed in Sandton on Monday, further states that workers will either get an increase of R1,000 or 7% depending on which is greater.
Amcu president Joseph Mathunjwa says, “This is for three years – the basic salary will be increased by R1,000 or 7% and this is way above inflation.”
Lonmin chief executive officer Bennetor Magara says he is pleased with the agreement.
“I am really very delighted that we have signed this multi-year wage agreement which is going to span for three years. We have all worked very hard, honestly and openly to make sure we achieve this.”
(Edited by Masechaba Sefularo)