South Africa's state-owned logistics firm Transnet agreed to a wage increase over the next three years after reaching a deal with the union representing the majority of its workers
"Transnet and the company's majority union United Transport and Allied Trade Union reached a three-year wage agreement today," it said in a statement, adding the deal would bring most of its employees back to work.
UNTU members, who represent more than half of the company's workforce, went on strike on Oct.6, demanding an increase linked to South Africa's year-on-year inflation rate, which was 7.6% in August.Transnet said it had agreed on a 6% wage increase for the current financial year, a 5.5% raise next year and a further 6% boost in 2024. The deal is effective from April 2022, it said.
"The company's priority in the immediate is clearing any backlogs across the port and rail system – prioritising urgent and time-sensitive cargo," Transnet said.Transnet workers protest as a labour strike continues at an entrance to the harbour in Durban, South Africa, October 17, 2022. REUTERS/Rogan WardA spokesperson for the South African Transport and Allied Workers Union told Reuters the minority union had not yet agreed to a deal with Transnet.
The strike also affected the horticulture sector as fruit exporters struggled to send produce to overseas markets.Reporting by Nelson Banya in Harare Editing by Promit Mukherjee, Matthew Lewis and David Evans
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