Anglo American PLC (AAL) - Anglo American update re. Platinum
RNS Number : 7214P
Anglo American PLC
29 October 2012
29 October 2012
Anglo American update re. Anglo American Platinum
Anglo American plc draws attention to an announcement issued by Anglo American
Platinum Limited, the text of which is set out below:
Anglo American Platinum "return to work" offer
Anglo American Platinum Limited ("Anglo American Platinum") is providing an
update on the ongoing illegal industrial action around its Rustenburg, Union
and Amandelbult mining operations. It has been six weeks since the initial
safety suspension, which was followed by illegal industrial action by mining
operations employees in the Rustenburg area and subsequently at Union and
The company reported last week that it had entered into discussions with its
recognised unions, NUM, NUMSA, UASA - The Union and representatives of the
Strike committee, to explore options to facilitate the return to work of the
Union and Amandelbult mine employees who are engaged in illegal strike action.
The status of the 12 000 dismissed Rustenburg employees also formed part of
the discussions. The discussions between the parties have been focused solely
on exploring options of ensuring striking employees return to work and did not
include any wage negotiations.
At a meeting held on Friday 26 October all parties expressed commitment for a
return to work in the interests of the employees, their livelihoods and the
The company made an offer to facilitate a return to work of all striking
employees by no later than Tuesday 30 October 2012. The offer included the
reinstatement of the dismissed Rustenburg employees. Employees will return to
work on the same terms and conditions of employment as applied before the
illegal industrial action commenced and will receive a final written
The company has offered a once off "hardship allowance" of R2 000 net of tax
in order to assist employees in dealing with financial difficulties arising
out of the 'No Work, No Pay' principle. The employees who did not participate
in the illegal strike will be paid a once off "loyalty allowance" of R 2
000.00 net of tax. In addition, all employees impacted by the no-work-no-pay
principle will be afforded an opportunity to apply for a payment advance of up
to R 2 500.00 which will be repaid and deductible from employees' salaries
over a 6 months period commencing in January 2013.
The offer is strictly subject to all striking employees returning to work and
doing actual work/activities as required by the company from Tuesday, the
30^th October 2012. The employees who do not return to work as required will
not qualify for the offer of a once-off payment. The "hardship and loyalty"
allowances will be paid 48 hours after the successful completion of the return
to work shift on Tuesday 30^th October 2012. Employees who do not return to
work on Tuesday the 30^th October 2012 will remain dismissed and/or be
subjected to the illegal strike disciplinary action and will not be eligible
for any of the benefits mentioned above. Employees from Union and Amandelbult
who do not return to work on 30 October 2012, would be dismissed, subject to
The offer was accepted by all the worker representatives, the recognised
unions and the Workers' Committee and they have committed to communicate the
offer to their members today.
The CEO of Anglo American Platinum, Chris Griffith said' "We welcome the
opportunity to have presented this offer to the recognised unions and the
strike committee.; The offer provides a sound basis for employees to return to
work and for the company to return to full operation, while maintaining our
current wage agreement and negotiating structure. We hope that our employees
will use this opportunity to return to work."
All employees are expected to report for duty at their respective operations
at 07h00 (all shifts) to commence with the Safe Start-Up Programme.
Further updates will be provided when appropriate.
This information is provided by RNS
The company news service from the London Stock Exchange
MSCBKCDKOBDKDKB -0- Oct/29/2012 07:01 GMT
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