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Union rejects SA coal wage offer

I-Net Bridge | Tue, 26 May 2009 17:47
[miningmx.com] -- TRADE union Solidarity rejected the Chamber of Mines' 6.5% salary increae offer for mineworkers, artisans and officials.

The Chamber made an offer of 7.5% to employees in categories 4 to 8. Although the Chamber has declared that the current economic conditions do not leave room for better increases, Solidarity maintains that several companies in this sector are financially strong.

During Tuesday's negotiations, the Chamber stated that the offer was a good one and that it would not be easily improved. The Chamber also argued that the world's financial position had led to the collapse of the coal market and that the offer was the best that the companies could make.

Solidarity said, however, that various companies, including Exxaro, AngloCoal and Xstrata, have the necessary funds to pay their employees a living wage. In addition, Solidarity presented an analysis of these companies' 2008 financial results to the Chamber.




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