https://www.engineeringnews.co.za
Africa|Engineering|Seifsa|Steel|Operations
Africa|Engineering|Seifsa|Steel|Operations
africa|engineering|seifsa|steel|operations

Seifsa revises wage offer

13th July 2021

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has tabled a revised conditional wage offer aimed at securing an agreement for the metals and engineering sector.

Seifsa is offering a 4.4% increase, which is equal to the Consumer Price Index (CPI) rate in April, across the board for year one.

Its offer for the second year is an increase of CPI plus 0.5% and, for the third year, CPI plus 1%.

Seifsa operations director Lucio Trentini says that, considering the state of the sector, companies are continuing to find it difficult to stabilise their businesses in the face of ongoing challenges.

In an attempt to slow down the haemorrhaging of jobs, this terms agreement is presented with the aim of awarding increases on schedule rates – as opposed to the past practice of implementing increases on actual rates of pay, he adds.

Linked to the offer is a special phase-in dispensation aimed at encouraging small and medium-sized employers who, over the last ten years, have elected not to be covered by the main agreement, to come on board and, over a 15-year period, work to achieve parity with the main agreement rates – while continuing to enjoy the remaining benefits associated with the agreement.

The unions and the employer associations affiliated to Seifsa have undertaken to revert back to their respective constituencies and all sides will return to the negotiating table on July 28.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

 

Showroom

Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 
Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 12 April 2024
Magazine round up | 12 April 2024
12th 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:0.507 0.565s - 170pq - 2rq
Subscribe Now