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Lonmin PLC Updates on protected strike action

Wednesday, 5 Mar 2014 06:55am EST 

Lonmin PLC:Updates on wages announced on Jan. 30.Says the Commission for Conciliation, Mediation and Arbitration (CCMA) has suspended the facilitated negotiations between Lonmin, Anglo American Platinum (Amplats), Impala Platinum Holdings Limited (Implats) and Association of Mineworkers and Construction Union (AMCU).CCMA has deemed the respective parties’ current position to be too far apart to warrant further mediation at this stage.Lonmin, Amplats and Implats have proposed a three year wage agreement on a guaranteed package with increases ranging from 7.5 to 9 pct, with the lowest paid employees receiving a 9 pct increase in year one. 

Company Quote

-1.0 -0.03%
24 Oct 2014