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IMPALA PLATINUM HOLDINGS LIMITED - Impala to give increase following wage review

Release Date: 28/09/2012 07:05
Code(s): IMP     PDF:  
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Impala to give increase following wage review

Impala Platinum Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1957/001979/06)
ISIN: ZAE000083648
JSE Share Code : IMP
LSE Share Code : IPLA
ADR Code : IMPUY


Impala to give increase following wage review

Impala Platinum Holdings Limited (Implats) today announced that it 
is to implement a market adjustment for its employees which will 
add 4.8% to its wage bill.  This follows a commitment to conduct a 
full wage benchmarking exercise announced by the Company on 
Tuesday 11 September 2012.  The results of the exercise address
a range of identified wage issues across Impala with a strong focus 
on lower level employees.  The market adjustments will be 
implemented on 1 October 2012.

Implats CEO Terence Goodlace said "The overriding imperative for
all stakeholders should be to ensure peace, stability and order and 
in so doing create an environment for safe production.  The wage
adjustment supports this imperative and our long-term strategy to
establish a new multi-union industrial relations dispensation in our
operations while moving towards a centralized wage engagement 
process for the platinum mining industry." 

28 September 2012

Johannesburg

Sponsor: Deutsche Securities (SA) (Proprietary) Limited








 





 


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