Kumba and Unions conclude a three-year wage agreement
28 August, 2017
Kumba is pleased to announce that it has signed a three-year wage agreement for the bargaining category employees with its recognised unions with bargaining rights, being the National Union of Mineworkers (NUM), Solidarity, and the Association of Mineworkers and Construction Union (AMCU). The agreement represents a differentiated annual salary increase of 10% for the lower level categories and 7% for the higher level categories. The agreement is effective from 1 July 2017 until 30 June 2020.
Negotiations began on 15 May 2017, culminating in the conclusion of the agreement on 25 August 2017.
Themba Mkhwanazi, CEO of Kumba, said: “We would like to thank the unions for the constructive way in which they approached the negotiations. While robust and challenging, this demonstrates that the bargaining system is sound and capable of delivering negotiated agreements that take the needs and priorities of all parties into consideration.”
Centurion
28 August 2017
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)