Transnet wage negotiations finalised
13 Apr 2018 - by
Transnet and organised labour reached an agreement on wage negotiations yesterday following delays and a months-long process, initiated in November 2017.
United National Transport Union (Untu) secretariat, John Pereira, told FTW Online that Transnet and the two transport unions had settled on a 7.1% increase over the next three years, along with no retrenchments for the same period.
Last year, Untu and the South African Transport and Allied Workers’ Union presented the Transnet Bargaining Council with a consolidated wage demand where they were seeking a 12% salary increase, an increased contribution to employees’ medical aid and housing allowances, as well as no forced retrenchments during this period.
Untu secretary, Steve Harris, justified this demand as Transnet had just announced an increase in revenue of 13.8%
However, Transnet previously only offered an increase of 6.5% for 2018, 7.25% for 2019 and 7.5% for 2020 with no retrenchments for the next three years.