Impala Platinum Hldg Impala to give increase following wage review


 
TIDMIPLA 
 
IMPLATS 
 
NEWS RELEASE 
 
 
                                                              27 September 2012 
 
 
 
                 IMPALA TO GIVE INCREASE FOLLOWING WAGE REVIEW 
 
 
EMBARGO: For immediate release 
 
Impala Platinum Holdings Limited (Implats) today announced that it is to 
implement a market adjustment for its employees which will add 4.8% to its wage 
bill.  This follows a commitment to conduct a full wage benchmarking exercise 
announced by the Company on Tuesday 11 September 2012.  The results of the 
exercise address a range of identified wage issues across Impala with a strong 
focus on lower level employees.  The market adjustments will be implemented on 
1 October 2012. 
 
Implats CEO Terence Goodlace said "The overriding imperative for all 
stakeholders should be to ensure peace, stability and order and in so doing 
create an environment for safe production.  The wage adjustment supports this 
imperative and our long-term strategy to establish a new multi-union industrial 
relations dispensation in our operations while moving towards a centralized 
wage engagement process for the platinum mining industry." 
 
 
 
ENDS 
 
 
 
 
 
 
 
Ticker symbols: 
 
JSE: Imp 
 
LSE: Ipla 
 
ADR: Impuy 
 
 
 
Queries: 
 
Implats 
Bob Gilmour 
+27 11 731 9013/43 
+27 82 453 7100 
 
 
 
Website: 
 
www.implats.co.za 
 
 
 
 
 
END

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