NUM and De Beers in agreement about wages
By Ilhaam Hoosain
27 June 2008
The National Union of Mineworkers had finally reached an agreement with diamond producer De Beers on wage increases for 2008.
The parties had agreed on a 12% wage increase after the NUM tabled an initial demand of 15% and the company made an initial move of 10,4%.
“It is a wonderful offer given that it is a one year agreement. We will negotiate further next year” says Peter Bailey, the NUM Chief Negotiator at De Beers.
He adds that the issue of the CPIX for the next year will be sorted out that time.
NUM says they are excited that it has reached this agreement for the workers without having to go on industrial action as is normally the case.
“We applaud De Beers for setting a good precedent. It is a precedent we hope other companies should follow. We simply want companies to avoid the unnecessary confrontation” says Bailey.