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Gold Fields’ South Deep gold mine near Westonaria and two trade unions, the NUM and UASA reach three-year wage agreement.
Management of Gold Fields' South Deep Gold Mine near Westonaria has concluded a three-year wage agreement with the NUM and UASA trade unions for the period 1 March 2021 to 28 February 2024.
The parties believe that the agreement is in the best interest of employees and the mine's long-term sustainability.
The agreement provided for the following:
The total increase of the settlement amounts to an average increase of 6,5% a year over the three-year period.
A range of non-wage related issues have also been agreed to, including an alignment of leave and shift configurations, as well as amendments to other conditions of employment with a view to standardising them across all occupational levels, and simplifying associated administrative processes.
NUM PWV regional chairperson, Ndlela Radebe said, "Considering the difficult circumstances South Africa and the world are facing due to the Covid-19 pandemic, we are satisfied with the settlement we have entered into. We believe it will go a long way to improve the livelihoods of workers and their families, while sustaining the business and ensuring sustainable job security.
We wish to commend all parties involved (the NUM, UASA and the Gold Fields South Deep management team) for the constructive and harmonious spirit in which wage negotiations were undertaken. This is appreciated. As the NUM, we look forward to continuing the much-improved working relationship between the parties for the foreseeable future."
Divisional Manager and chief negotiator for UASA, Franz Stehring said, "Given the prevailing economic climate and the bullish commodity market, the settlement reached with South Deep Gold Mine through constructive engagements sets a benchmark for other mining companies".
Gerrit Lotz, VP People and Organisational Effectiveness at South Deep, concluded, "The settlement agreement is fair and balanced, taking into account the impact that increases in cost of living are likely to have on employees over the next three years, and the future sustainability of our mine. We commend all parties for the constructive manner in which the negotiations have taken place."