De Beers settles wage dispute with SA Mineworkers Union

De Beers said on Friday it had agreed to improve wages and employment conditions at its South African mines following a wage dispute with the National Union of Mineworkers (NUM).
De Beers settles wage dispute with SA Mineworkers Union

De Beers said on Friday it had agreed to improve wages and employment conditions at its South African mines following a wage dispute with the National Union of Mineworkers (NUM).

The agreement includes an increase in monthly pensionable wages and a new minimum wage from May 2005.

In a joint statement, Peter Bailey, chief negotiator of the NUM said: �The union is satisfied with the agreement reached after difficult and protracted negotiations.


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