Business Day Live on 28 August 2015

Complex issues have been put on the table in the gold mining wage negotiations. Employers are calling for a compact that includes a pay increase, job retention, accommodation, wellness, skills development, retirement savings and debt management.

There have been hints at profit-sharing and employee share ownership so as to “share the pain and the gain” in the ebbs and flows of the commodity cycle. However, this has been rejected by the major unions. The gains were not shared during the “fat years”, they argue, and workers deserve their pound of flesh.

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