IMP 201209280001A
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
Date: 28/09/2012 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS. |