[miningmx.com] – SOUTH African gold producers believed that productivity gains in return for higher wages ought to be written in to new wage agreements this year, said Bloomberg News citing the CEOs of the country’s top four gold firms.
“2015 is the year where both sides, the workforce and the companies, have to say, “we share in the risk, burden and upside of productivity’,’ AngloGold CEO, Srinivasan Venkatakrishnan, told Bloomberg News.
“Everybody is obviously concerned about the disruption which happened in platinum coming across to gold,” he said.
Said Neal Froneman, CEO of Sibanye Gold: “Productivity has to be part of the mix. It probably can’t wait until absolute negotiations. We have to do things differently, we have to start talking about things now.’
Negotiations between the Chamber of Mines, the National Union of Mineworkers, the Association of Mineworkers & Construction Union, as well as other smaller unions are due to kick off in May.
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