https://www.engineeringnews.co.za

CPI-linked wage deal concluded in petroleum sector

CPI-linked wage deal concluded in petroleum sector

Photo by Bloomberg

27th June 2014

By: Natalie Greve

Creamer Media Contributing Editor Online

  

Font size: - +

Major oil producers represented by the National Petroleum Employers' Association (NPEA) have signed a two-year wage deal with trade unions, the Chemical, Energy, Paper, Printing, Wood and Allied Workers Union, Solidarity and the South African Chemical Workers' Union, which will see employees receiving an 8.5% wage increase from July 1, 2014.

The wage increase for year two, effective July 1, 2015, would be the April 2015 consumer price index (CPI) plus an improvement factor of 1.5%.

The signing of the agreement on Thursday concluded a process of three rounds of wage negotiations under the auspices of the National Bargaining Council for the Chemical Industry, which started on May 14.

“This wage deal is built on the strong relations that exist between the employers and employees in the petroleum sector. Negotiations were conducted in a spirit of cooperation and no incidents took place during the period of the negotiations,” the NPEA said in a statement.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
SMS group
SMS group

At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.078 0.129s - 137pq - 2rq
Subscribe Now