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Fin24 reports that on Wednesday, state-owned logistics company Transnet sweetened its offer to unions, boosting its wage hike offer from 1.5% to 3%, on the day it was set to receive strike notices from unions.
The SA Transport and Allied Workers’ Union (Satawu) and the United National Transport Union (UNTU) rejected the 1.5% wage increase offer on Tuesday, and said that on Wednesday they would serve the freight company with notice of intention to strike. The unions said the strike could start as soon as this week. Transnet said on Wednesday that it would table the offer formally at the bargaining council on Wednesday with UNTU and on Friday with Satawu. The new offer will include a 3% increase to guaranteed pay with effect from 1 April, with back-pay for April to September to be paid next year. "From the end of October 2022, salaries will be paid with the 3% increase. A once-off ex gratia payment to each employee, which amounts to R7,600 before tax, to be paid at the end of the financial year," the company’s statement indicated. Transnet said it was crucial that "everything possible is done to ensure that a strike is averted".
- Read the full original of the report in the above regard by Khulekani Magubane at Fin24
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