|

Business

Miners ponder offer

Friday, October 05, 2012



JOHANNESBURG, South Africa — Major gold miners and unions in South Africa will review wages and pay grades for entry-level workers after reaching an agreement late yesterday, they said in a joint statement.

"In terms of the existing wage agreement, we have a commitment to review the appropriate entry-level wages and job categories potential," said Zwelinzima Vavi, general secretary of the powerful union federation Cosatu, reading out the statement.

"Essentially, this means a job re-group exercise," Vavi told reporters after a meeting between mining executives and unions at the country's Chamber of Mines in Johannesburg.

The agreement comes amid spreading wildcat strikes from platinum to gold mining and other sectors in the past months that called into question the legitimacy of the labour movement.

The country's gold mines and unions have a collective bargaining system, but workers at individual mines have rejected the model and their traditional unions, calling for aggressive wage increases.

The unions' meeting with mine bosses agreed to keep intact existing wage deals, but discussions on different terms for entry-level jobs will start October 9, to be completed by the end of the month.

Labour unrest in the vital mining sector in South Africa has spiralled out of a deadly six-week stand-off at Lonmin's platinum mine near Rustenburg, which left 46 people dead, to other platinum and gold producers.

— AFP



Jamaica Air Shuttle shuts down airline

 

BOJ to offer US$-indexed bond tomorrow

 

SuperMed takes over Mall Pharmacy

 

Blue Power bath soap takes off

 

Untangling deceit: how to spot a lie

 

Understanding financial statements — Part 3

 

SIEAE: the digital arm for marketers

 

Metis brings the Tata Nano

 

Calculating redundancy payments

 

From zumba to pole dancing, Chai Studios is expressive fitness

 

Theo Smith merges love for food and business

 

Academy reaches for variety in child education

 

Speed factors in need

 

Wake-up call: Starbucks to post calorie counts

 

Waiting for word from Bernanke, stocks move higher

 

US home construction rises 6.8%

 

...Consumer prices rise just 0.1%

 

Swiss lawmakers reject deal to end US tax spat

 

Argentine cash controls bring bargains, headaches

 

Too many teachers, too little quality

 

Today's Cartoon