https://newsletter.mw.creamermedia.com
Africa|Diamonds|Mining
Africa|Diamonds|Mining
africa|diamonds|mining

Uasa, Petra Diamonds sign five-year wage agreement for Cullinan mine

Petra Diamonds' Cullinan mine

Petra Diamonds' Cullinan mine

17th July 2024

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

Trade union Uasa has signed a five-year wage agreement with the management of the Cullinan mine, which is owned by London-listed Petra Diamonds.

The agreement is effective from July 1 this year to July 1, 2028, stipulating a 5.5% or consumer price inflation (CPI) increase for entry level, or C Lower, employees for the first three years and a 6% increase in years four and five.

C Upper employees will receive a 5% or CPI increase every year in the first three years of the agreement, and a 5.25% or CPI increase in years four and five.

The company’s pension fund contribution for C Upper employees will increase by 0.5% from 7.5% to 8% for the duration of the agreement.

Uasa welcomes the agreement with Petra and says collective bargaining has prevailed.

“The mining industry remains the backbone of South Africa, and we believe that such a positive increase will positively contribute to the livelihood and wellbeing of our members and all workers employed in the organisation,” the union states.

 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 
Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:4.238 4.387s - 126pq - 2rq
Subscribe Now