Gold Fields Limited - National Union of Mineworkers to strike at Gold Fields
despite existing agreement and dialogue process
Gold Fields Limited
Registration number: 1968/004880/06
ISIN: ZAE000018123 JSE Code: GFI
(`Gold Fields` or the `company`)
MEDIA RELEASE
MEDIA RELEASE
National Union of Mineworkers to strike at Gold Fields despite existing
agreement and dialogue process
Johannesburg, 30 March 2005: Gold Fields Limited (GFI: JSE and NYSE) regrets to
announce that it has been informed by the National Union of Mineworkers (NUM)
that its members intend proceeding with industrial action at all Gold Fields
operations in South Africa, commencing at 18:00 this evening.
The industrial action purports to relate to a dispute over living out
allowances. In terms of an existing agreement with the NUM the current living
out allowance is set at R706 per month, and is increased annually in accordance
with the percentage increase granted in respect of wages. The NUM is demanding a
70% increase in the living out allowance to R1,200 per month.
Gold Fields has received legal advice that the proposed industrial action will
be unprotected as there is an existing agreement in place regulating the quantum
of the living out allowance as well as the mechanism for increases associated
with this allowance.
As a consequence Gold Fields will apply for an urgent interdict against the
proposed industrial action on the grounds that it believes the action to be
unprotected in terms of the Labour Relations Act, due to the existence of the
current agreement.
The proposed industrial action will affect 28,974 NUM members of whom 6,871
receive living out allowances.
ends
Enquiries
Willie Jacobsz
Tel: 011 644-2460
Mobile: 082 493 1377
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