Anglo American PLC AAL Anglo American update re. Platinum

  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 
Amandelbult.



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 
company.



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 
disciplinary warning.



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 
appeal



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

END


MSCBKCDKOBDKDKB -0- Oct/29/2012 07:01 GMT