Strike update –AMCU refuses to co-operate with the verification process
Johannesburg, 16January 2019: Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL- https://www.commodity-tv.net/c/search_adv/?v=298294) advises that following an application for leave to appeal by the Association of Mineworkers and Construction Union (AMCU) of the judgment made by the Labour Court (Court) on 21 December 2018 and confirmed by the Court on 8 January 2019, the union affiliation verification process, facilitated by Commission for Conciliation, Mediation and Arbitration (CCMA), which was due to continue today, has been suspended pending the outcome of the appeal process.
Sibanye-Stillwateris confident that the that the verification exercise will confirm that three other unions which signed the wage offer, represent more than 50% of employees in the workplace, therefore supporting the extension of the offer in terms of Section 23(1)(d) of the Labour Relations Act 66 of 1995 and will oppose AMCU’s attempts to avoid the verification process.
Neal Froneman, CEO of Sibanye-Stillwater commented: “We are disappointed that AMCU continues to pursue these obstructive actions and delay the conclusion of the ongoing strike, while its members are suffering severe financial hardship as a consequence. We are not surprised by AMCU’s behaviour and have considered other legal alternatives, which we will be pursuing.”
Please refer to https://soundcloud.com/user-155552468/suspension-verification-process for a media sound clip by the spokesperson, James Wellsted.
Sibanye-Stillwater Investor relations contact:
Head of Investor Relations
+27 (0) 83 453 4014
Sponsor: J.P. Morgan Equities South Africa (Proprietary) Limited
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