Thursday, October 25, 2012

South Africa: Gold miners sign new deal - labor unrest in sector ends

Striking South African gold miners have signed a pay deal to end months of labor unrest, the country's main mining union and mine owners said on Thursday.

"Members have accepted a new pay structure," the National Union of Mineworkers (NUM) said.

"The worst in the gold sector is over," spokesman Lesiba Seshoka told AFP.

The Chamber of Mines confirmed its offer of cumulative wage increases of 11 percent to 20.8 percent had been accepted.

On top of a July agreement to up wages,

More details here...

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