NHM - Northam Platinum Limited - Update on the wage negotiations at
NHM
NHM
NHM - Northam Platinum Limited - Update on the wage negotiations at
Zondereinde
NORTHAM PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1977/003282/06)
Share code: NHM ISIN: ZAE 000030912
("Northam" or "the company")
UPDATE ON THE WAGE NEGOTIATIONS AT ZONDEREINDE
The management of the Zondereinde division of Northam confirms that the
National Union of Mineworkers ("NUM") has declared a dispute with the
company.
Management denies that it has refused to bargain with the NUM for those
grades where it is representative and has the majority. Management invites
the union to honour its agreement and to approach the negotiations without
pre-conditions in the bargaining units where they have a majority.
In terms of the existing recognition agreement, which dates back to 2003,
NUM requires representivity of 33?% in each bargaining unit in order to
negotiate on its behalf. This threshold has not been reached in the two
additional bargaining units NUM now claims to represent.
Zondereinde management regards this unilateral implementation of a change to
the existing agreement between the parties as a fundamental breach of the
entire agreement.
Johannesburg
13 July 2011
Sponsor
One Capital
Date: 13/07/2011 11:49:01 Produced by the JSE SENS Department.
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