INVESTORS AND MEDIA Media release
Perth, 10 March 2022: Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) is pleased to report that the overwhelming majority of employees at Gold Fields' Australian operations have supported a new Enterprise Agreement, providing a range of updated working conditions to meet the competitive Western Australian resources labour market.
The agreement was the subject of a ballot, with 82% of employees participating and of those, 87% were in favour.
The Australian Workers' Union (AWU) had sought to halt the voting in a last-minute application to the Fair Work Commission, but the application was dismissed.
Gold Fields Executive Vice President Australasia Stuart Mathews said the vote underlined the merits of the agreement, as well as the fairness and robustness of the bargaining process.
"Despite the heavy campaigning by the union, we take the process of negotiating the terms and conditions of employment for our employees extremely seriously," Mr Mathews said.
"All employee and union bargaining representatives were given advance notice of the process, enabling them to put forward proposals throughout the four-day negotiation. These proposals underpin the agreement that has been reached." Mr Mathews said.
The agreement supported by Gold Fields' employees includes a comprehensive package of benefits, including enhanced parental leave for both primary and secondary caregivers, early access to long service leave entitlements, and a new paid cultural leave entitlement for Aboriginal and Torres Strait Islander employees.
There are also generous site allowances (currently 6%) and a 12% retention bonus.
"We value the contribution our people make to Gold Fields and the ongoing strength and performance of our business," Mr Mathews said.
"The 2022 Enterprise Agreement is the biggest reset of our employee conditions for over a decade. We have listened to feedback from our employees and delivered on what is important to them. The strong endorsement of our employees in the vote reflects this."