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Unions reach wage agreement with Eskom

Unions reach wage agreement with Eskom

Photo by Duane Daws

8th August 2014

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

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Trade union Solidarity, the National Union of Mineworkers and the National Union of Metalworkers of South Africa on Friday inked a two-year 8.5% wage deal with State-owned power utility Eskom.

Solidarity said in a statement that the agreement held a protective clause to reopen wage negotiations should the inflation rate rise above 8.5% during the next two years.

The provisions of the agreement included a stand-by allowance increase of 8.5% for both years and performance bonus hikes from 10% to 12%, said Solidarity head of energy Deon Reyneke.

The employees would receive a housing allowance increase from R2 000 to R2 300 a month in the first year and to R2 600 a month in year two.

Edited by Creamer Media Reporter

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