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ANGPY Anglo American Platinum Ltd (PK)

6.93
0.08 (1.17%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Anglo American Platinum Ltd (PK) USOTC:ANGPY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.08 1.17% 6.93 6.79 6.95 6.93 6.75 6.83 65,970 20:06:27

Anglo American Platinum Signs Wage Agreement With Union

28/10/2016 8:07am

Dow Jones News


Anglo American Platinum (PK) (USOTC:ANGPY)
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By Tapan Panchal

 

LONDON--Anglo American Platinum Ltd. (AMS.JO) said Friday that it has signed a three-year wage agreement with the Association of Mineworkers and Construction Union, retrospectively effective from July 1.

The agreement includes annual pay increases for workers ranging from 12.5% to 7%, living out allowances, medical aid contributions and holiday leave allowances.

The South African platinum producer anticipates the agreement to increase its labour costs by 6.74% on average over the three-year period. It has extended the wage agreement to the National Union of Mineworkers, the United Association of South Africa and non-union affiliated employees in line with labour regulations.

 

Write to Tapan Panchal at tapan.panchal@wsj.com

 

(END) Dow Jones Newswires

October 28, 2016 02:52 ET (06:52 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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