S.Africa's Implats-AMCU wage talks paused until 2014 - CNBC Africa

S.Africa's Implats-AMCU wage talks paused until 2014


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Implats is the second largest producer of platinum. PHOTO: Getty Images

The world's second largest producer of the metal, said on Thursday that the four month wage talks with the union remained unresolved. 

During a meeting held today, both teams decided that negotiations would resume next year.

Company spokesperson Johan Theron told CNBCafrica.com that the extended negotiation period would not affect operations. Theron said there would be a continuation of, “Normal operations up to 20 December 2013, when we break for a Christmas Stoppage … Mining resumes again from night shift on 5 January 2014”. 

Asked about the reason for this decision Theron explained that with many of the negotiation team members already going on annual leave from the end of this week, “[We’re] not really able to continue with formal engagement processes before most of the representatives are back from leave in January 2014”.

He said only essential maintenance activities will be conducted during the break, while all other employees will be on paid leave. 

In October the union received the go ahead by the national mediator to launch strikes at Implats and it is still in wage talks with other platinum giants, Amplats and Lonmin.