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Fin24 reports that the Steel and Engineering Industries Federation of Southern Africa (Seifsa) has revised a wage offer in the metals and engineering sectors in order to get a deal in its ongoing negotiations with organised labour.
The federation, which represents 21 independent employer associations, said in a statement on Tuesday that it made an offer on Monday to five unions at the Metals and Engineering Industries Bargaining Council (MEIBC). The offer is for a 4.4% CPI increase across the board for the first year of the agreement, 0.5% plus CPI for the second year and 1% plus CPI for the third year. The negotiations impact wages at 1,223 companies in the steel and engineering industries and about 167,000 employees. The unions at the negotiations are Solidarity, UASA, the National Union of Metalworkers of SA, the Metal and Electrical Workers of SA and the SA Equity Workers Association. Seifsa’s Lucio Trentini said that in an attempt to slow down job losses, the agreement was formulated with increases on schedule rates as opposed to implementing increases on actual rates of pay. 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. Unions and affiliated employer associations are expected to revert back to their constituencies and return to the negotiating table on 28 July.
- Read the full original of the report in the above regard by Khulekani Magubane at Fin24
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