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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).
By: Polishedprices.Com
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Oct 9 2005 12:00AM
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Reference: 76  

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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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