De Beers Averts Strike With 12% Pay Rise

De Beers avoided a strike Thursday when  the National Union of Mineworkers (NUM) accepted its proposal for a 12 percent wage increase for its South African workers. NUM had rejected De Beers’ previous proposal of an 11 percent rise saying its members would start striking at 6 p.m. Thursday if the issue was not resolved. NUM was demanding a 13.5 percent increase.

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Posted by Posted by Jewelry News at Thursday, July 24, 2008 10:04 AM
Categories: De Beers
 

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