Go Back Email this Link to a friend


Harmony And Num Strike A Deal At Randfontein

Release Date: 27/05/2002 17:36:36      Code(s): HAR
Harmony And Num Strike A Deal At Randfontein                                    
Harmony Gold Mining Co. Ltd.                                                    
NEWS RELEASE                                                                    
Johannesburg, 27 May 2002 - Harmony today announced that the dispute with       
the NUM and its Randfontein operations had been resolved, with striking         
employees due to return to work at tonight`s shift, after a 12 day strike.      
The parties agreed to establish a joint working party consisting of             
representatives from both parties to come up with a detailed programme to       
find a sustainable long term solution for its accommodation challenge of        
employees which mainly reside in single sex hostels but will include home       
owners and employees living out.  The parties further agreed to increase        
living out allowances to R500-00 per month. This amount will be increased       
with the same percentage as agreed to at annual wage increases to achieve an    
amount of R600-00 by January 2005.                                              
Commenting on the agreement, Harmony`s chief executive, Bernard Swanepoel       
said "We wanted an agreement focussing on a total sustainable long term         
solution for our employees accommodation needs and not just throwing money      
at about 20% of the labour force, who are neither home owners or hostel         
dwellers.  Increasing living out allowances to bring it in line with what it    
costs us to accommodate employees living in the hostel was also a given.        
Limiting the percentage increase to the annual wage increases over the next     
two and a half years allows the mine to plan for these costs accordingly."      
For further details contact:                                                    
Bernard Swanepoel                                                               
on +27(0)83-303-9922                                                            
or                                                                              
Ferdi Dippenaar                                                                 
on +27(0)82-807-3684                                                            
Issued by Harmony Gold Mining Company Limited                                   
Contact:                                                                        
Corne Bobbert                                                                   
Tel +27 11 684 0146                                                             
Fax +27 11 684 0188 Mobile +27 83 380 6614                                      
E-mail: cbobbert@harmony.co.za                                                  
Web Site:                                                                       
www.harmony.co.za                                                               
Ends                                                                            
Date: 27/05/2002 05:35:00 PM Produced by the SENS Department                    



                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2019 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.