Rössing and MUN agrees

Rössing, its employees, and the Mineworkers Union of Namibia (MUN) Rössing Branch have concluded negotiations for salary increases for 2013 and 2014. The two-year salary arrangement was agreed this week, following endorsement by employees at a meeting held Wednesday. The two year agreement, amongst other benefits, provides employees in the bargaining unit a 3% increase in 2013, and a further increase of 8% in 2014.
The uranium miner said the salary negotiations were undertaken in a mutually co-operative spirit with both parties sharing a common understanding of the challenges facing the business. The agreement marks another step in Rössing’s journey of continuous improvement in safety, productivity and lowering operational costs. The strict control on all aspects of cost performance reflects the short-term challenges facing the uranium industry given the siginificant decrease in spot prices.