NEGOTIATIONS
Amplats warns Amcu on ‘unsustainable’ wage hikes
CEO Chris Griffith says Amcu wants 45% pay rise but the miner is looking at an inflation-related increase
23 July 2019 - 05:10
Anglo American Platinum drew a clear line on wage hikes as it kicks off its response to its majority union’s demand for a 45% rise in basic salaries.
While Amplats, the second-largest platinum miner, still has to formally table a counteroffer to the demands put forward by the self-styled militant Association of Mineworkers and Construction Union (Amcu), its CEO Chris Griffith warned the company is unable to afford "unsustainable" wage increases.
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now