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South Africa: Pending job cuts may derail deal to end platinum miners work stoppage

Tuesday, June 24, 2014

The exact timing of the signing of the agreements on Tuesday was not immediately clear but AMCU was due to hold a news conference in Johannesburg in the afternoon.

Under the populist battle cry of a “living wage”, AMCU had initially demanded that basic wages of miners be more than doubled immediately to 12,500 rand (US$1,200) a month. In the end, its members settled for 3-year deals that amount to increases of around 20 percent annually.

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