ANGLO AMERICAN PLATINUM CORPORATION LIMITED - MEDIA RELEASE
ANGLO AMERICAN PLATINUM CORPORATION LIMITED
Registration No.: 1946/022452/06
JSE Code: AMS
ISIN: ZAE000013181
MEDIA RELEASE
After protracted negotiations between Anglo Platinum and the various Unions and
Association in the collective bargaining forum of the Group, the company is
pleased to announce that, with the exception of the National Union of Mine
Workers (NUM), all other Unions and Associations have reached agreement on wages
and substantive conditions of employment for a one year period ending June 30,
2005. The company remains concerned about the NUM`s rejection of the latest
offer, particularly because the great majority of their members are willing to
accept the current offer. For the record, less than 50% of the NUM members
remain on industrial action at the company`s operations and more of these
striking employees are returning to work.
Given the above situation, the company believes that it would be unfair that a
few individuals compromise the majority of the NUM members who are at work and
willing to accept the offer. The company`s final offer will be implemented
immediately, back-dated to 1 July 2004 for those members whose unions have
reached agreement. The principle of no-work-no-pay will continue to apply.
The parties that have agreed to the offer ranging between 7.75% for the higher
grades, 8.0% for the lower grades and 9.5% for the lowest grades are the
following:
- United Associations of South Africa (UASA);
- National Union of Metalworkers of South Africa (NUMSA);
- Solidarity;
- Togetherness Amalgamated Workers Union of South Africa (TAWUSA);
- The Alliance, comprising Mouthpeace Workers Union (MPWU), Building, Motor,
Engineering and Allied Workers Union (BMEAWU), Commercial Union of South
Africa (CUSA), Steel, Engineering, Metal, Commercial Workers Union
(STEMCWU)
For more information, please contact
Mike Mtakati
Tel: (011) 373-6865 / 083 455 7887
12 October 2004
Sponsor
Merrill Lynch South Africa (Pty) Limited
Date: 12/10/2004 05:41:03 PM Produced by the JSE SENS Department
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