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The gold mining companies make their final wage offer

by , 27 August 2013

After weeks of talks, the gold mining firms have now made their final offer to the unions. The offer is much less than the unions have battled for. If the unions don't accept this, strike action could start on Monday. Let's take a closer look at the offer…

Earlier today, the Chamber of Mines said that “gold mining companies tabled their final wage offer to all labour unions within the sector,” reports Fin24. The offer ranges from 6% to 6.5%, and is dependent on the worker’s position.

The offer is from “AngloGold Ashanti, Gold Fields, Rand Uranium, Harmony Gold, Evander Gold, Sibanye Gold, and Village Main Reef,” says IOL. The offer is “a basic increase of 6.5% for category four and five employees, including rock drill operators”.

For workers of category six to eight, miners, artisans and officials, the increase is 6%, notes Mail & Guardian. There would also be a rise in line with inflation for workers’ accommodation allowances.

The wage talks have happened at the Commissions of Conciliation, Mediation and Arbitration (CCMA) with the unions, reports Fin24. Since negotiations fell apart, the CCMA have been involved in talks.

Gold mining companies also offered a ‘gain share’ proposal

As part of the offer, the gold mining firms have given workers the chance to earn an extra 1% on basic wages, reports IOL. This is “by way of a 'gain share' proposal”.

The Chamber of Mines says that each of the firms “will develop a 'gain share' proposal in line with the company's objectives and maturity,” adds IOL. This may be “gold price, profit, revenue, gold produced or cost-related”.

The offer is for two years, says Mail & Guardian. The same increase of 6% or 6.5% would stand for next year.

Time will tell if the unions agree to the offer, which is much lower than their demands. If the offer isn’t accepted, the sector will begin strike action on Monday.

The gold mining companies make their final wage offer
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