Amplats inks wage agreement with multiple unions

Anglo American Platinum (Amplats) confirmed 26 May it has signed a new five-year wage agreement with three of its four recognized unions.

The Association of Mineworkers and Construction Union (AMCU), The National Union of Mineworkers (NUM) and UASA – The Union (UASA) represent 90% of the company’s unionized employees.

The wage agreement increases salary and salary-related allowances, which will increase the total labour cost-to-company on average by 6.6% per year over the five-year re-up. As the agreement was signed before the expiration of the current one, the effective date of the new outlines will be 1 July.

“We believe this multi-year agreement will enable our business to remain sustainable through PGM price cycles, while also ensuring that our people are rewarded for their work as we seek to deliver enduring value for all our stakeholders across society,” CEO Natascha Viljoen said.

Amplats has 27 total properties in South Africa, including the Bokoni, Tumela and Dishaba operations.

Source: Anglo American Platinum

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