Rössing - Salary negotiations completed
(28 November 2012)

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 today, following endorsement by employees at a meeting held yesterday. The two year agreement, amongst other benefits, provides employees in the Bargaining Unit a three percent increase in 2013, and a further increase of eight percent in 2014. The salary negotiation was undertaken in a mutually co-operative spirit with both parties sharing a common understanding of the challenges facing the business. This agreement reflects what can be achieved when management, employees, and their union, are aligned in what is required to ensure the viability of the business. The agreement continues the journey of continuous improvement that Rössing is undertaking with significant improvement already achieved in safety performance, increasing productivity, and lowering operational costs.

The strict control on all aspects of cost performance also reflects the short term challenges facing the uranium industry in Namibia, given the recent significant decreases in uranium price, and escalating local cost pressures.



Chris Salisbury
Managing Director



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