Miners to receive between £20,000 and £24,000 compensation for loss of earnings. Tax legislation to be amended to ensure maximum tax relief on these sums.
Up to 30 voluntary redundancies, with lump sums worth up to £64,000 (inclusive of compensation for lost earnings).
Introduction of a gain-sharing scheme that could see miners' earnings rise by between £3,000 and £4,000 a year if they meet tar- gets and there is a significant in- crease in zinc prices.
Cuts in standard hourly rate from £10.58p an hour to £6.59p - equivalent to an annual loss of between £8,000 and £12,000.
Productivity to be increased by 23 per cent. After a phase-in period, bonuses only to be paid to miners who achieve at least 75 per cent of company targets.
Greater flexibility in work practices; introduction of a new grade of intermediate miners on lower bonus rates; greater liability for "on call" working for all grades affected by annualised hours agreements.