trending Market Intelligence /marketintelligence/en/news-insights/trending/V7_q_5sjTW4CNf8PEPBQyw2 content esgSubNav
In This List

South Africa's NUM ends strike at Implats' refinery, forges 2-year wage deal

Blog

Metals & Mining Insights May 2021

Blog

European Energy Insights - May 2021

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage


South Africa's NUM ends strike at Implats' refinery, forges 2-year wage deal

South Africa's National Union of Mineworkers ended a protected strike at Impala Platinum Holdings Ltd.'s platinum refinery in South Africa after both parties forged a new two-year wage deal, Bloomberg News reported Oct. 3, citing the union's spokesman, Livhuwani Mammburu.

More than 500 members of the National Union of Mineworkers started a strike at the refinery last week as both parties failed to reach a wage deal following several rounds of negotiations.

The new wage deal, effective from July 1, 2016, to June 30, 2018, offers annual salary increases of 7.5% to 10% for each year and also calls for better medical and accommodation allowances. The union demanded a 9.5% increase in pay.

South Africa's other workers union, the Association of Mineworkers and Construction Union, and platinum miners are in a deadlock on wage talks.