South African Unions Sign Three-Year Pay Deal With AngloGold
- AMCU, Solidarity, UASA accept wage agreement with company
- National Union of Mineworkers has been deadlocked in talks
Photographer: Simon Dawson/Bloomberg
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Labor groups representing more than 60 percent of workers at AngloGold Ashanti Ltd., a major South African gold producer, signed a three-year wage deal with the company.
The Association of Mineworkers and Construction Union, UASA and Solidarity unions said they accepted the deal Monday. The sides agreed to raise pay by 6.5 percent for the first year and increases at the same rate or inflation -- whichever is higher -- for each of the following two years, Solidarity General Secretary Gideon du Plessis said in a statement.