NUM signs wage agreement with De Beers, averts strike
The union and the company signed a 9% wage increase on Saturday, averting a strike at its South African operations.
Posted: Monday , 08 Jul 2013
JOHANNESBURG (Reuters) -
South Africa's National Union of Mineworkers (NUM) has agreed on a wage deal with diamond producer De Beers, a unit of Anglo American, the union said on Saturday, averting a strike at the firm's operations.
Peter Bailey, NUM's negotiator at De Beers, said the union and the company signed a 9 percent wage increase agreement.
The union had initially demanded a 13 percent rise. Workers were expected to strike on Friday after wage talks reached a deadlock.
"We struck a deal 20 minutes before the strike could commence," Bailey told Reuters.
De Beers produced 4 million carats of diamonds in South Africa last year, out of the total of 27.9 million carats it produced worldwide. (Reporting by Olivia Kumwenda; editing by James Jukwey)