This 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.
Fin24 reports that ArcelorMittal SA (AMSA) has reached a wage agreement with employee unions, bringing to an end two weeks of strike action at its operations.
The steelmaker on Thursday announced it had settled its wage dispute with the National Union of Metalworkers of SA (Numsa) and Solidarity. The deal came just days after the company lost its bid to have the Labour Court interdict Numsa’s strike at all of its plants. The agreement is for a 6.5% increase on all remuneration elements, plus a R5,000 once-off ex-gratia payment. The deal applies to all bargaining unit employees and will be backdated to 1 April. "The agreement that has been reached with the unions is testament to the commitment of all parties to move the business forward rather than getting stuck in an unfortunate wage dispute that does not serve anybody, especially our employees," commented AMSA’s CEO Kobus Verster.
- Read the full original of the report in the above regard compiled by Lisa Steyn at Fin24
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