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South African gold miners union plans to demand wage hikes of 75%

IMG Auteur
Chris Powell
GATA
Published : April 24th, 2015
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Category : GoldWire

JOHANNESBURG, South Africa -- South Africa's National Union of Mineworkers is planning to submit demands to the gold sector next week calling for a 75-percent hike in the basic pay for entry-level workers, according to union sources familiar with the matter.

"For the basic wage at the entry level, we are planning to demand a raise to 10,000 rand ($823) a month in the first year from 5,700 rand at present," said a union source, who asked not to be named. This was confirmed by a second source in the union.

That would set the stage for tough negotiations and a potentially protracted dispute with companies in South Africa's gold sector, where profit margins are under pressure. ...

... For the remainder of the report:

http://www.reuters.com/article/2015/04/23/us-...labour-exclu...

 

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
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