Union Sign Wage Increase Agreement with Village Main Reef
On Monday, National Union of Mineworkers (NUM) in South Africa said that it has signed a wage agreement for two-years with Village Main Reef, the gold producer.
NUM said in a statement that the as per the deal there will be R1 000 increase of in wages of all the underground employees where as the surface employees will get an increment of R800.
David Sipunzi, General Secretary of NUM said in a statement, "We hope that the offer tabled by Village Main Reef is going to put more pressure on bigger gold mining companies to try and match the monetary value of the basic wage increase."
The smaller gold producers like Village Main Reef along with AngloGold Ashanti, Sibanye Gold and Harmony Gold, are all going through tough wage negotiations with different unions demanding wage hikes that even go up to greater than hundred percent.
Last month, the gold producers proposed an increase of up to thirteen percent in the wages of the workers with the lowest pay. They also offered artisans as well as different other categories wage increase of 4.5 to 6 for a period of five years.
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