The South African Nuclear Energy Corporation (Necsa) and labour unions have reached a wage agreement, following months of negotiation.
The parties agreed that, effective July 1, employees earning less than R600 000 a year, would receive a 7% increase, as well as a R5 000 one-off payment, while those in the income bracket above R600 000 a year would receive a 6.1% increase.
The outstanding 50% parity payments would be made in two tranches on September 25 and April 26, 2017, respectively.
The parties have also agreed that the "no work, no pay” rule in respect of July 26 this year would be lifted. Lastly, the negotiations related to other outstanding demands, such as medical aids and a thirteenth cheque, would be entered into within three months.
The parties further agreed to work together in resolving other issues related to Necsa’s sustainability challenges.
Negotiations started in May, with the unions submitting 11 demands. Management provided the unions with all the relevant financial information and requested them to review their demands in light of Necsa’s financial position.