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South African unions sign three-year contract with AngloGold

Section: Daily Dispatches

By Paul Burkhardt
Bloomberg News
Monday, September 17, 2018

Labor groups representing more than 60 percent of workers at AngloGold Ashanti Ltd., a major South African gold producer, signed a three-year wage deal with the company.

The Association of Mineworkers and Construction Union, UASA, and Solidarity unions said they accepted the deal today. The sides agreed to raise pay by 6.5 percent for the first year and increases at the same rate or inflation -- whichever is higher -- for each of the following two years, Solidarity General Secretary Gideon du Plessis said in a statement. ...

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