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Implats and AMCU reach wage agreement
This deal is effective 1 July 2016. Implats chief executive, Terence Goodlace: commented, “This agreement is good news for all our stakeholders as it provides confidence and a level of comfort that we can better plan for the future sustainability of both the Rustenburg and Marula operations.”
![Implats and AMCU reach wage agreement](https://biz-file.com/c/1610/366463-700x364.jpg?2)
More specifically, it ensures an element of certainty and security for employees, and specifically those employees in the lower pay‐brackets who stand to benefit most from this settlement with a R1,000 increase in basic salary.
“On behalf of our board, I must commend and congratulate the role players in this process for arriving at a collective agreement without any debilitating labour disruption.”
The settlement agreement allows for employees over the next three years to receive:
- A monthly basic salary increase of R1,000 for A & B‐level and 7% for C‐level employees within the bargaining unit;
- Living out and home ownership allowances increase by R150 per month for each year of the three-year agreement in Rustenburg and by R150 per month in year two and three for Marula; and
- An increase in Implats’ medical aid contributions to employees of 6% in year one and 7% in the following two years of the wage agreement.
With this agreement in place, Implats’ operating entities at Rustenburg and Marula can focus on ensuring safe and sustainable operations.
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