Arab Today, arab today strikehit south africa platinum miners unveil new pay offer
Last Updated : GMT 11:49:44
Arab Today, arab today
Arab Today, arab today

Strike-hit South Africa platinum miners unveil new pay offer

Arab Today, arab today

Arab Today, arab today Strike-hit South Africa platinum miners unveil new pay offer

Johannseburg - AFP

The world's three biggest platinum producers have made a new pay offer to end a strike which has crippled their South African operations for 12 weeks, a spokeswoman said on Friday. The new terms would raise the total pay and benefits for an underground miner at the Implats, Amplats and Lonmin companies by 7.5-10.0 percent a year on average. The total remuneration package would rise to 12,500 rand ($1,188, 860 euros) a month by July 2017, marking a significantly bigger increase than the rate of inflation. The radical trade union AMCU, which launched the strike on January 23, is demanding that basic pay should be 12,500 rand a month, excluding bonuses, but the employers say that this would amount to an average increase in total remuneration of 30.0 percent a year over four years. Negotiations between employers and unions are to resume on Tuesday. "The offer was made by all three producers," Lonmin spokeswoman Charmane Russell told AFP. Anglo American Platinum (Amplats) and Impala Platinum (Implats) had made their offer late on Thursday, and Lonmin would make a statement at the opening of trading on the London Stock Exchange on Tuesday. "Our statements clearly indicate that the revised offer to AMCU would provide for a minimum underground cash remuneration to 12,500 rand per month by July 2017," Russell said. "This is not the same as basic wages. Cash remuneration includes allowances such as living out allowance, holiday leave allowance, etc. The cash remuneration does exclude medical and retirement benefits, and any bonuses."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today strikehit south africa platinum miners unveil new pay offer Arab Today, arab today strikehit south africa platinum miners unveil new pay offer

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today strikehit south africa platinum miners unveil new pay offer Arab Today, arab today strikehit south africa platinum miners unveil new pay offer

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday