Anglo Platinum today formally signed a wage agreement with the National Union of Mine Workers (NUM) resulting from their year’s wage negotiation process.
The details of the agreement are as follows:
Wage increase
10% A and B Bands
8,5% C and D Bands
2nd Year
9% A and B Bands
8% C and D Bands
Minimum wage increase to R3 000 and R3 200 surface and underground respectively.
In addition the parties agreed on a ground breaking home owner allowance to replace the current living out allowance. In this regard the company will pay eligible employees 25% of the minimum rate of the Grade with a minimum of R1 500 per month. The home owner allowance is aimed at promoting home ownership amongst employees and will not be payable unless an employee can prove that the money will be used for purchasing a home.
Anglo Platinum has made a similar offer to other representative Unions.
For further information, please contact
Simon Tebele
(011) 373-6865 / 083 275 2751