Harmony concludes three-year wage agreement
Harmony Gold Mining Company Limited has concluded a three-year wage agreement in respect of wages and conditions of service for the period 1 July 2021 to 30 June 2024.
The wage agreement was agreed with AMCU, the Coalition (comprising the NUM, UASA and Solidarity) and NUMSA.
Says Harmony CEO, Peter Steenkamp: “This historic wage agreement reflects the strong partnership between Harmony and organised labour, demonstrating our commitment towards our long-term sustainability and our people.
We would like to thank everyone involved for engaging constructively and keeping everyone’s best interests at heart.”
The agreement allows for the following wage increases:
Category 4 to 8 employees will receive a wage increase of R1,000 for each year of the wage agreement. This translates to an average increase of 8.4% for employees across these categories.
Miners, Artisans and Officials will receive a wage increase of 6% of their basic wage for each year of the agreement.
The total average wage increase negotiated is 7.8% in year 1, 7.4% in year 2 and 7.0% in year 3.
98% of Harmony employees are part of the bargaining unit covered by this wage agreement.
This wage agreement was reached outside the auspices of the Mineral Council’s central bargaining forum and was marked by way of an in-person signing ceremony to allow all parties to participate in and witness the signing of the agreement, 16 September.
Harmony press release extracts
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