Gold miner Harmony has reached a five-year wage agreement with five unions, ensuring miners will earn an additional 6% on their wages per year. The deal, which is a first in the gold mining sector, will take effect on July 1, 2024.
Gold miner Harmony has concluded a groundbreaking five-year wage deal with five unions, NUM, UASA, NUMSA, Solidarity and AMCU. This will see Harmony miners earning on average an additional 6% on their wages per annum.
All five unions with members at Harmony signed the deal at the Birchwood Hotel. Harmony approached the unions to negotiate the wage package way ahead of the expiry of the current three-year wage agreement, which expires at the end of June. The general sentiment around the success of wage talks was the unity among very different unions on this occasion, where their individualized interests are said to have been set aside, making them a formidable negotiating team against the employer.
“Equally, we think that we have done well in that space as well. In terms of living out allowance, we’re happy that at least it’s going to be increasing on an annual basis. Housing, also, ultimately will be increasing with percentages and we think also it is quite something that workers will be able to survive on…on the part of the employer,” says NUM’s Mpho Pakedi.
Harmony is the first gold miner to agree a wage deal this year, with other gold miners still set to begin and conclude theirs imminently.
Harmony Gold Wage Deal Unions Miners Gold Mining Stability
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