Sibanye-Stillwater has received notice from the Association of Mineworkers and Construction Union (AMCU) and the National Union of Mineworkers (NUM) about their intention to embark on a protected strike.The unions are set to embark on the strike from the evening shift on Wednesday, 09 March 2022, across at Sibanye-Stillwater’s South African gold operations. “It is very disappointing that the two unions have chosen this course of action despite our ongoing engagement in an attempt to reach agreement on wages since June 2021. The offer we made on 4 February 2022 is fair, taking into consideration current inflationary living costs, considers the sustainability of the SA gold operations and the interests of all stakeholders for the long term. The offer is final; wage increases that are higher than inflation are not sustainable and cannot be considered,” commented Neal Froneman, Sibanye-Stillwater CEO.
As a reminder, the final offer is for three years and would mean that:
- Category 4 – 8 employees will receive an average increase of 6.0% in year 1 equivalent to an additional R800 per month; 5.7% in year 2, equivalent to a further R800 per month; and 5.4% in year 3, again equivalent to an additional R800 per month. The R800 includes a R100 increase in the living out allowance each year
- In rand terms, these inflations linked increases will result in wages for entry-level Category 4 underground production increasing by around R34 397 over the three-year period to an average total guaranteed income of approximately R245 110 per annum
- Miners, artisans and officials will receive an increase of 5% in years 1, 2 and 3