Last day of talks between platinum producers and Amcu

2014-01-29 08:43

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Talks between platinum producers and mine workers’ union Amcu are expected to conclude in Pretoria today.

The talks, which started on Monday, were aimed at resolving an Amcu strike.

The Commission for Conciliation, Mediation and Arbitration (CCMA) is acting as a mediator in the talks.

Amcu began a protected strike at Lonmin Platinum, Anglo American Platinum and Impala Platinum on Thursday.

The following day, the union, employers, Labour Minister Mildred Oliphant and Mineral Resources Minister Susan Shabangu met at the CCMA’s offices in Joburg.

Amcu is demanding an entry-level monthly salary of R12 500, but employers have said that this is unaffordable.

The CEOs of Amplats, Implats, and Lonmin recently said a prolonged strike would probably further damage South Africa’s reputation as an attractive business and investment destination.

On Friday, before the talks began, it was reported that platinum producers had offered between 8% and 8.5%.

On Tuesday, Amcu national treasurer Jimmy Gama said any offer that came out of the talks would have to be conveyed to its members before a decision on ending the strike could be made.

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