New Clicks - Clicks Wage Dispute Settled
New Clicks Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/000645/06)
JSE share code: NCL
ISIN: ZAE000014585
("New Clicks" or "the group")
Cape Town - The wage dispute between retail chain Clicks and trade union SACCAWU
was settled yesterday evening and the strike action has been called off with
immediate effect.
The settlement has been structured over an 11-month period, with staff receiving
a wage increase of R254 per month from August to December 2005, and R255 per
month from January to June 2006.
This equates to an annual increase of 9,1% or R233,33 per month over a 12 month
period.
Clicks offered a wage increase of R225 per month to its staff within the
bargaining unit, an increase of 8,8%, while the union was demanding an 11,7%
increase.
Mike Harvey, brand leader of Clicks, welcomed the settlement and said the
striking workers would return to work today.
All 290 Clicks stores across the country continued to trade during the 13-day
strike, he said, owing to the effectiveness of the contingency plans implemented
ahead of the strike.
"Our main priority during this industrial action was to ensure that our stores
remained open for our customers. We tried to minimise inconvenience and
disruption and would like to thank our loyal customers for their continued
Support," He Said.
Harvey said the financial impact of the strike would be disclosed when the
financial results of Clicks" holding company, New Clicks Holdings, are published
next Wednesday, 26 October 2005.
Ends
Issued by Tier 1 Investor Relations on behalf of Clicks
Thursday 20 October 2005
For further information kindly contact
Tier 1 Investor Relations
Tel (021) 702-3102
Date: 20/10/2005 10:12:50 AM Produced by the JSE SENS Department
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