Lonmin to sign three-year pay deal with union Amcu
The Association of Mineworkers and Construction Union recently reached a similar agreement with Anglo American Platinum
Mining giant Lonmin is the latest mining house to sign a three-year wage agreement with the Association of Mineworkers and Construction Union (Amcu). This followed soon after Amcu reached a similar agreement with Anglo American Platinum. At the end of the wage agreement with Lonmin‚ a rock drill operator at the company will earn R12‚296 (basic salary) and a guaranteed package of R19‚455. The impact of the wage agreement for this bargaining unit is an increase of 7.8% in financial year one‚ 8% in financial year two and 7.1% in financial year three or an average of 7.6% over the three-year period‚ the company said. The deal is effective from July 1 2016 to June 30 2019. CEO Ben Magara said: "We have all worked hard to engage each other honestly and respectfully since the long strike of 2014 and this agreement illustrates the emerging maturity of the relationship between the company‚ employees and their union representatives." He added: "Testament to this level of maturity is the reorg...
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