Gold Fields' South Deep Gold Mine and the NUM and UASA Reach Three-year Wage Agreement
Retrieved on:
Friday, June 11, 2021
WESTONARIA, South Africa, June 11, 2021 /PRNewswire/ -- Gold Fields' South Deep Gold Mine and the NUM and UASA trade unions have concluded a three-year wage agreement for the period 1 March 2021 to 28 February 2024.
Key Points:
- WESTONARIA, South Africa, June 11, 2021 /PRNewswire/ -- Gold Fields' South Deep Gold Mine and the NUM and UASA trade unions have concluded a three-year wage agreement for the period 1 March 2021 to 28 February 2024.
- The parties believe that the agreement is in the best interest of employees and the mine's long-term sustainability.
- Miners, Artisans and Officials will receive a wage increase of 6% in year 1, and 6% or CPI (whichever is the greater) in years 2 and 3.
- "We wish to commend all parties involved (the NUM, UASA and the Gold Fields South Deep management team) for the constructive and harmonious spirit in which wage negotiations were undertaken.