Impala, Anglo meet Amcu halfway

2014-04-17 19:16

Impala Platinum and Anglo American Platinum have jettisoned their long-standing “final” offer and made a new “settlement offer” to end the 12-week-long platinum strike.

The new offer will give entry-level underground mine workers R12?500 in total cash payments per month by 2017, according to statements sent out by the two companies.

This is still well short of Amcu’s demand for a R12?500 basic wage excluding the living-out allowance and the 13th cheque contributions.

The companies say the new offer follows after “recent engagements between the CEOs of the companies and the president of Amcu, Mr Joseph Mathunjwa and Amcu’s national leadership”.

At Anglo the current cash portion of remuneration, including the basic wage, living-out allowance and 13th cheque, amounts to R7?174.

At Impala, the three items total R7?808.

Lonmin, which did not announce any new offer, already pays R8?359 per month as the cash portion

Despite the different starting points Anglo and Impala sent out virtually identical statements.

To reach the symbolic R12?500 by 2017 the cash elements of pay will increase by between 7.5% and 10% every year for the different grades of employees, both said.

Other allowances would increase “in line with inflation”.

The total cost to company per entry-level employee would reach R17?500 per month at both companies, they said.

Currently this is R8?600 at Anglo and R9?297 at Impala.

Anglo and Impala said they were scheduled to meet with Amcu on Tuesday.

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