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So why don't South African mines and unions agitate against gold price suppression?
South African Mine Employers to Offer Unions Pay Linked to Gold Price
From Platt's, London
Friday, June 19, 2015
JOHANNESBURG, South Africa -- Gold employers will present a social package of welfare and training plus a financial plan for the survival of mines on the third day of talks next week in a bid to counter massive wage demands from the unions, the chief negotiator for the employers, Elize Strydom said Friday.
It is a package tied up with a gold-linked pay plan that is unlikely to find favor with the unions.
Unions representing 93,000 gold mine workers will open talks on Monday for a new three year pay deal to come into force from July 1. ...
A cash pay offer was unlikely to be made next week, but the employers would also put forward a plan Wednesday to give bonuses when the gold price goes up and discuss pay cuts, before job cuts, if it goes down, she said. "We want people to share in the good times when the gold price has gone and feel the pain when it goes down. ..."
... For the remainder of the report:
http://www.platts.com/latest-news/metals/johannesburg/south-african-mine...
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