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Provider: Thomson Reuters StreetEvents
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Provider: Thomson Reuters StreetEvents
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Northam Platinum Ltd announces settlement reached at Northam Zondereinde mine


Tuesday, 21 Jan 2014 09:40am EST 

Northam Platinum Ltd:Says the strike at the company's Zondereinde mine has ended.Says employees are expected to return to work on Jan. 22, 2014.Says this follows the signing of a two-year wage agreement on Jan. 22, 2014.Says two-year wage agreement is based on increases on basic wages of 8.5 pct to 9.5 pct for Category 2 to 8 employees, and a 9 pct increase in the living out allowance; Category 9 to 10 employees' increases range from 7.5 pct to 8 pct, with a living out allowance increase of 7%. 

Company Quote

4175.0
-17.0 -0.41%
5:26am EDT