The National Union of Mineworkers (NUM) has reached a salary increase agreement with Impala Platinum (Implats) regarding employees at the platinum group metals miners refinery operations in Springs.
Implats and other SA platinum group metals (PGM) producers have been retrenching workers and restructuring operations to survive the current PGM industry price downturn.
According to the World Platinum Investment Council, South Africas PGM mining industry will have reduced its headcount by around 10 000 employees in 2024, representing a 6% headcount reduction.
Employees at Implats refinery operations in Springs east of Johannesburg, however, will not be affected by the retrenchments that the company has been implementing across its PGM operations.
NUM said on Friday that it had concluded and signed a wage agreement on behalf of members at the base and precious metals refineries division, Impala Platinum Refineries.
