NUM, AMCU, Solidarity and UASA have issued a statement rejecting the latest wage offer by Sibanye-Stillwater, this after noting the profits reported in the quarterly financial results.
The Association of Mineworkers and Construction Union (AMCU), the National Union of Mineworkers (NUM), Solidarity and UASA issued a joint statement on Friday, 1 October 2021, rejecting the latest wage offer from Sibanye-Stillwater. All four unions have resolved that the offer is substantially lower than what had been agreed to by Goldfields and Harmony Gold.
All four unions agree that Sibanye should benchmark its offer based on the recent wage agreements that were concluded with Goldfields and Harmony Gold. Organised labour also believes that since Sibanye recorded a profit of R25 billion in the first half of 2021, and it expanded its business model, it is in a position to offer much better increases.
The unions also expressed disappointment that Sibanye-Stillwater had pleaded poverty during the current wage negotiations, despite its performance on the market, with proof from its quarterly financial results and declared dividends that it made some profits.