Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

limusaBusinessLive reports that arms manufacturer Denel is the latest state-owned company to head for a clash with its employees over wages after it offered wage increases of 3% to 3.8%.  

Cosatu affiliate the Liberated Metalworkers Union of SA (Limusa) said on Monday that it found it "ridiculous and provocative that the management will consider offers which are below the inflation rate".  The union has asked for increases of 8% to 12%, saying it would not allow "the Thuma Mina brigade" — a reference to President Cyril Ramaphosa — to bring about changes at the expense of workers.  Denel is one of several state-owned companies that is experiencing financial and immediate liquidity problems.  The company has debt of R3bn and has utilised all its available loan guarantees from the Treasury.  In April, Public Enterprises Minister Pravin Gordhan appointed a new board with former chairwoman of Airports Company SA Monhla Hlahla as chair.


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