Harmony and Unions agree to two year wage agreement
02 8월 2011 - 11:32PM
UK Regulatory
TIDMHRM
HARMONY GOLD MINING COMPANY LIMITED
Press release
Harmony and Unions agree to two year wage agreement
Johannesburg. Tuesday, 2 August 2011. Harmony Gold Mining Company Limited
(`Harmony' or `the Company') is pleased to announce that it has signed a two
year wage agreement with the National Union of Mineworkers (NUM), Solidarity
and UASA (collectively referred to as the "Unions") today. The increases agreed
to are:
Minimum wages at entry level: 10%
Category 5 to 8 employees: 8.5%
Miners, artisans and officials: 7.5%
The wage agreement between Harmony and the Unions also include a profit share
scheme, in which all employees in the bargaining unit will share on a quarterly
basis. The profit share will be based on 1% of operating profits less capital
expenditure from the Company's South African assets.
Employees who participated in the strike will return to work later today. The
Company estimates that approximately 500kg of production was lost during the
strike.
Graham Briggs, chief executive officer, commented: "It has been a tough
negotiation process, but we have managed to reach agreement and avoid a
protracted strike. We wish to thank the Unions for their understanding and also
partnering with us in creating a sustainable mining industry."
ends.
2 August 2011
For more details contact:
Graham Briggs
Chief Executive Officer
+27 (0) 83 265 0274 (mobile)
Marian van der Walt
Executive: Corporate and Investor Relations
+27 (0) 82 888 1242 (mobile)
Corporate Office:
Randfontein Office Park
P O Box 2
Randfontein
South Africa 1760
T +27 (11) 411 2000
www.harmony.co.za
JSE: HAR
NYSE: HMY
ISIN No.: ZAE000015228
Registration number: 1950/038232/06
END
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