Advanced Search

De Beers, NUM Fail to Settle Wage Agreement

Jul 4, 2013 5:46 AM   By Deena Taylor
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... De Beers and the National Union of Mineworkers (NUM) failed to reach a wage agreement in South Africa, following negotiations held at the Council for Conciliation, Mediation and Arbitration (CCMA) yesterday, the company reported.

Representatives from De Beers Consolidated Mines (DBCM) met with NUM following a dispute declared early in negotiations between the union and the company on June 12, 2013. NUM initially requested a wage increase of 13 percent across the board, while De Beers offered 6 percent with an option to negotiate.

The CCMA was unable to mediate and issued a certificate to this effect, enabling  the union to provide the company 48 hours notice of its intention to embark on protected industrial action, while the company can give the union 48 hours notice to lock out union members.

"We had agreement in the CCMA on the broader issues in the wage negotiation. However several demands from the union, which all have high cost implications and which the union was not prepared to negotiate on, lead us to a point where we could not agree on a settlement,” said Wayne Smerdon, De Beers lead negotiator.

Smerdon noted that the company felt its offer was competitive and sustainable for the future.

De Beers said that it although it had necessary contingency plans in the event that NUM members decided to strike, it will continue to try to find constructive means to resolve the dispute.  
Tags: De Beers, De Beers Consolidated Mines, Deena Taylor, num, wage agreement
Similar Articles
Burgundy yellow diamonds 140Burgundy Diamond Mines Inks New Polished Deals
Aug 03, 2022
Australia-based Burgundy Diamond Mines has signed a two-stage agreement to provide polished fancy-color diamonds to prominent Perth
Lucapa 170ct pink diamond 140Lucapa Unearths 170ct. Pink from Lulo
Jul 27, 2022
Lucapa Diamond Company has recovered one of the largest pink diamonds in history: a 170-carat stone from
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2022 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.