Harmony preparing for possible strike
Johannesburg. Tuesday, 26 July 2011. Harmony Gold Mining Company Limited (‘Harmony’ or ‘the Company’) announces that following wage negotiations with the trade unions (being the National Union of Mineworkers (NUM), Solidarity and UASA) a deadlock was declared yesterday.
The following offer from the Company was rejected by the Unions:
| Entry level employees: | 8.5% |
| Category 5 to 8 employees: | 7.5% |
| Miners, artisans and officials: | 7% |
Harmony received a 48-hour strike notice from NUM today, advising that its members will down tools at 18:00 on Thursday, the 28th of July 2011.
Graham Briggs, chief executive officer commented: “We have made a reasonable offer to the trade unions, which has been rejected. We are now preparing for a possible strike. This means that operations will be closed, assets will be secured and measures will be taken to ensure that expenditure is kept to a minimum.”
For more details contact:
Graham Briggs
Chief Executive Officer
+27 (0) 83 265 0274 (mobile)
Marian van der Walt
Executive: Corporate and Investor Relations
+27 82 888 1242(mobile)