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Wage Agreement 2019

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Wage Agreement 2019

The Automobile Manufacturers` Employers` Association (AMEO) and the National Union of Metalworkers of South Africa (Numsa) each issued statements on the collective agreement on Friday after negotiations stalled. On 22 January 2016, a new collective agreement was signed between the Board of Directors and the Icelandic Trade Association. The agreement is almost unanimous with the collective agreement signed yesterday between the affiliates of the Icelandic Confederation of Trade Unions and South Africa, which provides for the same wage changes. Chris Griffith, CEO of Anglo American Platinum, said: “We are delighted to have reached an agreement and welcome the collaborative and constructive engagement with unions throughout the process. We believe this agreement will allow the company to remain sustainable through PGM`s typical price cycles, while our employees will benefit from reasonable salaries and other increases. Vr concludes collective agreements with the Association of Icelandic Enterprises (Samtök atvinnulífsins, SA) and the Icelandic Federation of Commerce (FA, formerly FÍS), as well as several companies outside the above-mentioned organisations. Below you will find the agreements, for the moment only in Icelandic, but will soon be available in English. “The success of the wage and employment negotiations for the next three years will create a platform for urgent political stability and security in the automotive industry. The agreement will enter into force retroactively to 1 July 2019. It expires on 30 June 2022. An increase in the isk`s salaries was negotiated as planned at the beginning of the negotiations.

In addition, wage increases are partly linked to the evolution of economic growth and are based on an annual revision of wage rates in the light of wage developments in the regular labour market. In addition, the working week will be shortened, which was one of the main objectives for virtual reality in the negotiations, and will increase flexibility. One of the main objectives of the agreement is to encourage lower interest rates that increase the purchasing power of households. The duration of the agreement is from 1 April 2019 to 1 November 2022. The agreement will increase the total labour cost of companies by 7.4% per year 1, 6.1% in 2 years and 6.3% in 3 years, or on average 6.6% over the three years. On 21 January 2016, a collective agreement was signed with the Icelandic Employers` Association (SA). The agreement was adopted by 91.28% of the vote cast in the vote that ended on 24th February 2016. On 29 May 2015, a new collective agreement was signed between the Board of Directors and the SA.

The contractual period ends until the end of 2018. The agreement was adopted by 73.9% of the votes cast in the vote between members, which took place from 10 to 22 June 2015. The main points of the agreement can be found below. Numsa had called for a 12 percent wage increase in all areas and transportation allowances for gas station workers who work late and earn low wages, Fin24 had previously reported. The union then declared a dispute. Anglo American Platinum Limited (“Anglo American Platinum” or the “Company”) announces that it has signed a three-year collective agreement with the recognized unions in its operations, namely the Association of Mineworkers and Construction Union (“AMCU”), the National Union of Mineworkers (“NUM”) and UASA – The Union (“UASA”). The agreement was voted on the 24th. February 2016 ended with 91.59% of the votes cast. The agreement and rates can be viewed below. In the automotive industry, a three-year collective agreement has been concluded, in which the workforce will increase by up to 9%. In its statement, Numsa explained that the agreement includes an increase in the transport allowance from R1,540 to R2,500[…]

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