Anglo American Platinum, Other Miners Sign Wage Agreement With South African Unions -- Update
15 Novembre 2019 - 12:24PM
Dow Jones News
By Anthony O. Goriainoff
Anglo American Platinum Ltd. (AMS.JO), Impala Platinum Holdings
Ltd. (IMP.JO) and joint-venture partner Sibanye Gold Ltd. (SGL.JO)
said Friday they have signed a three-year wage agreement in South
Africa with recognized unions.
The companies said they have signed a series of wage increases
which will benefit employees at their respective operations in the
country.
Impala Platinum said the agreement ensures that employees
receive increases to all major components of remuneration over the
period, including basic salaries, living-out and home-ownership
allowances, as well as medical aid and pension fund
contributions.
"We believe this agreement will ensure the business can remain
sustainable through the typical PGM [platinum group metals] price
cycles, while our employees will benefit from meaningful pay and
other increases," Anglo American Platinum Chief Executive Officer
Chris Griffith said.
Shares in London at 1045 GMT were up 7 pence, or 0.2%, at
2025.50 pence.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
November 15, 2019 06:09 ET (11:09 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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