AMCU ends five-month long strike at Sibanye

accreditation

Trade union AMCU will end its five-month long strike after reaching an agreement with Sibanye-Stillwater [JSE: SGL].

This comes following a meeting between the union and the mining company. The parties held a joint briefing in Westonaria on Wednesday. 

Head of Investor Relations at Sibanye James Wellsted said that workers would return to their posts after the Easter holidays.

The union had embarked on the strike in November 2018 over a gold wage agreement Sibanye had reached with other unions.

AMCU opposed the three-year wage agreement with the National Union of Metalworkers, Solidarity and UASA, which allows for salaries to increase by R650 for the first year, R700 for the second year and R825 for the third year.

AMCU demanded a minimum wage increase of R12 500, with a R1 000 increase for three years, Fin24 previously reported.

But the parties on Wednesday confirmed that AMCU has committed to signing the three-year wage agreement, which applies from July 1, 2018 to June 30, 2021.

In addition, Sibanye-Stillwater has agreed to an ex gratia payment of R4 000 to all employees at its gold operations in the form of cash or a voucher. Sibanye will also offer a cash advance of R5 000 upon the request of employees which is repayable over a 12-month period.

Sibanye will also assist with debt consolidation and counselling, provide transport to employees to return to work and waive rights to reclaim costs incurred during the strike.

Any employees dismissed for strike related misconduct will be subject to normal disciplinary proceedings, the statement read.

AMCU will also commit to conclude a peace pact within 30 days, abide by previous court decisions that no further appeals would be pursued, among other things.

The parties have resolved to a facilitated "post-strike conflict" relationship building programme.

"We are pleased that the extended strike at our gold operations has ended," Sibanye CEO Neal Froneman said.

"We are encouraged by AMCU’s commitment to peace and safety. We are hopeful that the relationship can now be rebuilt in a constructive manner, for the future benefit of all stakeholders," he added.

Addressing workers at Sibanye-Stillwater, AMCU President Joseph Mathunjwa thanked all members who participated in the strike against "white monopoly capital".

He told workers that "money is the root of all evil". He said that government would protect foreign direct investment at the expense of people's lives, and referred to the Marikana Massacre in August 2012 as an example.


We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Rand - Dollar
14.68
+0.7%
Rand - Pound
20.18
+0.3%
Rand - Euro
17.06
+0.3%
Rand - Aus dollar
10.89
-0.1%
Rand - Yen
0.13
+0.5%
Gold
1,777.11
+0.6%
Silver
23.56
+1.5%
Palladium
2,053.62
+2.0%
Platinum
1,055.00
+1.6%
Brent-ruolie
84.33
-0.6%
Top 40
60,221
0.0%
All Share
66,792
0.0%
Resource 10
63,626
0.0%
Industrial 25
84,496
0.0%
Financial 15
14,073
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Facebook is facing a fresh crisis after a former employee turned whistle-blower leaked internal company research . Do you still use Facebook?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, the benefits outweigh the risk for me
23% - 129 votes
No, I have deleted it
47% - 268 votes
Yes, but I am considering deleting it
30% - 169 votes
Vote