Engineering News reports that state-owned rail, port and pipeline company Transnet has tabled a revised three-year wage offer, which it has termed “absolute final”, as the company reiterates its “difficult” financial situation.
Transnet has proposed a 6.5%, 7.25% and 7.5% increase in 2018, 2019 and 2020 respectively. Along with this, it has proposed a 4.5% increase each year in the housing allowance over the next three years and a 5.5%, 6% and 6.5% increase in the medical aid allowance in 2018, 2019 and 2020 respectively. “We cannot move any more. This is Transnet’s absolute final offer,” said Transnet GM Tumelo Mokwena on Monday. The United National Transport Union (UNTU) will now embark on a mandate process with its membership and inform Transnet at the next wage negotiations at the Transnet Bargaining Council on 1 February whether its members have accepted or declined the offer.
- Read this report in full at Engineering News
- Read too, UNTU to consult members over Transnet's 'absolute final wage offer', at IOL News
- Read UNTU’s press statement in this regard at SA Labour News
Get other news reports at the SA Labour News home page