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BL Premium reports that the National Union of Metalworkers of SA (Numsa) has signed a three-year above-inflation wage deal with the country’s vehicle manufacturers.
The union and the Automobile Manufacturers Employers Organisation (Ameo), which represents Toyota Motors SA, Nissan, Isuzu, Ford, VW SA, BMW SA and Mercedes-Benz, have signed a pay deal that will see workers getting rises of 8.5% in the first year backdated to 1 July. In the subsequent years of the deal, workers will get increases of 7% or consumer price inflation, whichever is greater. The union also secured a further R10,000 in a once-off taxable cash gratuity. Numsa general secretary Irvin Jim said the R10,000 cash gratuity would be paid to employees in the bargaining unit in the next payroll cycle. The Numsa-Ameo wage deal, signed at the National Bargaining Forum on Friday afternoon, is valid from July 2022 to June 2025. The first year increase is above the 6.5% headline inflation rate the Reserve Bank has forecast for 2022, and comes as the union had been demanding inflation-beating increases to cope with the rising cost of living that has seen food, fuel, electricity and transport costs shoot through the roof. The wage deal also focuses on other conditions such as an improved housing subsidy and job grading.
- Read the full original of the report in the above regard by Luyolo Mkentane at BusinessLive (subscriber access only)
- Read too, Numsa secures 8.5% wage increase for the automotive sector, higher subsidies and gratuity payments, at Fin24
Get other news reports at the SA Labour News home page