Wage talks in gold sector
Gold producers offer single-digit pay hikes to unions
Gold producers have been giving above-inflation wage hikes for years, adding to the cost burden of an industry that has been battling depressed prices and...
Under the deal, workers will receive increases in housing allowances, medical aid and retirement funds.
The union says it’s received the go-ahead from its members & the CCMA to protest over wages.
SA stocks ended higher today with gold producers among the top gainers after a breakthrough in the sector.
Two mining companies have signed agreements with unions, ending weeks of negotiations.
Conciliation talks between unions & gold mining companies will continue today at the CCMA.
The conciliation talks are taking place after wage negotiations failed earlier this month.
Gold companies declared a dispute with trade union Solidarity over a wage agreement.
The companies include AngloGold Ashanti, Evander Gold Mines, Harmony and Sibanye Gold.
The gold mining house say the agreement cannot be signed because of the negotiation terms.
NUM last week declared a dispute with gold companies, Harmony, Anglo Gold Ashanti and Sibanye Gold.
The outcome of a meeting between the NUM & the Chamber of Mines could dictate whether or not they will strike.
Wage talks between SA bullion producers and unions started in June with NUM and Amcu.
The agreement means that all underground miners and surface employees’ wages will increase.
The gold price dropped to its lowest level in five years to under $1,100 an ounce.
The union insists it did not walk out of negotiations, but simply declared a deadlock.
Amcu’s Jimmy Gama says they’ve agreed to meet with gold producers this week.
Gold mine producers say it would be 'irresponsible' to agree to Amcu's demand as it's unaffordable.
Gold producers say a demand by trade unions for higher ages is simply ‘unaffordable’.