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BusinessLive reports that the National Union of Metalworkers of SA (Numsa) has signed an above-inflation multi-term wage agreement with earth-moving equipment company Almar Investments, which will see workers earning average increases of 7% for the next three years.
Numsa’s Irvin Jim advised that the pay deal would translate to a 7% increase from March 2024 to February 2025; an increase of 7.5% from March 2025 to February 2026; and 7% from March 2026 to February 2027. At 5.2%, the consumer inflation rate remained unchanged in May. “This is a major achievement for the union,” Jim commented. He went on to report: “A task-team comprising both Numsa and management will be set up to negotiate risk allowances, housing allowance and a full-time shop-steward agreement, and that negotiations must be concluded within six months from the date of signing the current new wage agreement.”
- Read the full original of the report in the above regard by Luyolo Mkentane at BusinessLive
Get other news reports at the SA Labour News home page