Sibanye announced that it has secured a two-year wage agreement with the United Steel Workers of America, International Union, the representative union at its Stillwater Operations in Montana, USA. Negotiations with the United Steel Workers of America, International Union at East Boulder, will take place at year end.
The terms of the agreement include a 2% general wage increase for all job categories effective
from June 2, 2017, to January 1, 2018, with a further 1% increase effective from January 1, 2018, to June 1, 2018. A 2% annual increase will be in effect for the second year of the agreement, from June 2, 2018, to June 1, 2019.
Neal Froneman, CEO of Sibanye, said, “We are very pleased to have secured this wage agreement soon after having acquired the Stillwater Operations. We note and are encouraged by the sensible and mature manner in which stakeholders have engaged, to agree on a mutually favorable outcome for the company and employees.”