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Provider: ValuEngine, Inc.
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Provider: Reuters Investment Profile
Provider: Wright Reports

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Impala Platinum Holdings Ltd receives strike notice from AMCU

Monday, 20 Jan 2014 08:54am EST 

Impala Platinum Holdings Ltd:Says the Association of Mineworkers and Construction Union (AMCU) has issued a strike notice to Impala and that strike action will commence at its Rustenburg mining operation from the morning shift on Jan. 23.Says Impala and AMCU have been engaged in wage negotiations for more than six months.Says despite progress in many areas, the parties have not reached agreement on wages and other conditions of employment.Says it recently signed a two-year wage agreement with the National Union of Mineworkers (NUM), effective from July 2013, for the Marula and Refining operations.Says in accordance with this agreement, the minimum guaranteed remuneration for lower category workers will increase by 8,5 pct in year one and 7,5 pct in year two.Says it remains committed to further engagement and to finding a solution that will secure the sustainability of the business and preserve jobs as far as possible. 

Company Quote

-261.0 -3.51%
27 Feb 2015