WSL 201507160008A
Reaches wage agreement
WESCOAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/006913/06)
JSE Share code: WSL ISIN: ZAE000069639
("Wescoal” or “the Company”)
Wescoal reaches wage agreement
Shareholders are advised that Wescoal has successfully negotiated the annual wage agreement
with NUMSA announcing a 7% increase in basic salaries effective 1 April 2015. The agreement
concludes Wescoal’s annual wage negotiations for the current operating year with the exception
of Production Bonuses which are reviewed regularly, based on performance.
The agreement also sees the introduction of medical benefits for all employees from 1 July 2015
and a Taxi Transport allowance retrospective to 1 April 2015. Leave pay terms and conditions
have also been revised.
16 July 2015
Isando
Sponsor
Exchange Sponsors
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