24th Aug 2007 15:23
Anglo Platinum Limited24 August 2007 Issuer Long Name : Anglo Platinum LimitedRegistration No. : 1946/022452/06Instrument Alpha Code/Ticker Symbol : AMSISIN : ZAE000013181 ANGLO PLATINUM CONCLUDES WAGE AGREEMENT Anglo Platinum today formally signed a wage agreement with the National Union ofMine Workers (NUM) resulting from their year's wage negotiation process. The details of the agreement are as follows: Wage increase 10% A and B Bands 8,5% C and D Bands 2nd Year 9% A and B Bands 8% C and D Bands Minimum wage increase to R3 000 and R3 200 surface and underground respectively. In addition the parties agreed on a ground breaking home owner allowance toreplace the current living out allowance. In this regard the company will payeligible employees 25% of the minimum rate of the Grade with a minimum of R1 500per month. The home owner allowance is aimed at promoting home ownershipamongst employees and will not be payable unless an employee can prove that themoney will be used for purchasing a home. Anglo Platinum has made a similar offer to other representative Unions. For further information, please contact Simon Tebele(011) 373-6865 / 083 275 2751 24 August 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Anpario