[ad_1]
Sunshine Seeds/iStock through Getty Photographs
Anglo American Platinum (OTCPK:ANGPY) agreed Tuesday to a brand new five-year labor contract with the Affiliation of Mineworkers and Building Union, Bloomberg reviews.
AMCU mentioned the deal, which impacts 163K staff in South Africa’s platinum trade, might be signed this week and can be efficient from July.
Amplats (OTCPK:ANGPY) agreed to provide its staff a month-to-month improve of 1,100 rand ($70) within the first yr of the deal, rising to 1,500 rand within the fifth yr, AMCU mentioned.
The union additionally mentioned Impala Platinum (OTCQX:IMPUY) additionally proposed a five-year wage deal and an settlement might be reached quickly.
Negotiations will start June 1 with Sibanye Stillwater’s (SBSW) South African platinum mines; some AMCU members have been on strike at Sibanye’s three gold mines since March 9.
[ad_2]
Source link
