Unions sign Kumba wage deal
TRADE union Solidarity, together with the National Union of Mineworkers (NUM), has signed a collective agreement on wages and other conditions of service that was reached with Kumba in July this year. The agreement was ratified and signed yesterday and will apply for the next three years.
Deputy general secretary of Solidarity, Connie Prinsloo, said that the agreement came into force on July 1 this year and will be valid until June 30 2020.
“Employees will be remunerated retrospectively and will also receive a once-off monetary benefit to the value of R25 046.26 (after tax).”
Riaan Visser, Solidarity’s industry specialist, explained that the parties agreed that the wage component would increase annually by seven percent across the board, with a guaranteed increase of CPI +0.5 percent applicable to the third year.
“Moreover, the employer’s contribution to the employee housing allowance will increase by R300 per annum, thus increasing this benefit from R2 900 to R3 500 during the three-year period.”