Engineering News reports that Eskom has confirmed that while workers below the senior management level at the entity will be getting a wage increase, its executives including group CEO Andre De Ruyter and chief operating officer Jan Oberholzer will not be getting any salary increase.
Last week, Eskom concluded wage negotiations with trade unions in terms of which labour got a 7% increase across the board. The wage agreement followed weeks of protest disruptions due to a deadlock in wage talks that triggered Stage 6 load-shedding for several days. According to Eskom spokesperson Sikonathi Mantshantsha, top-level employees at Eskom have not received salary increases or a bonus for years. "All managerial level employees have not received salary increases or bonuses since at least 2018. This year the lower-level managerial staff will be receiving the 7% increase agreed upon at the Central Bargaining Forum. Senior managers and executives in the F and E-Bands will still not be receiving any increases," said Mantshantsha. With a zero percent increase on their salaries, De Ruyter and Oberholzer would still be earning salaries of R7-million and R5.4-million respectively, according to Eskom's financial statements for the year ended in March 2021. The total salary of executives at Eskom for the year ended in March 2021 was R11.9-million, compared to R9.8-million in the year ended in March 2020.
- Read the full original of the report in the above regard at Engineering News
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