The drawn-out Eskom wage negotiations are set to continue this week after trade unions refused to budge on their demand for bonuses. Two months after the talks started, parties are no closer to a wage agreement, with organised labour telling the Eskom management on Friday that there would be no deal without bonus payments. The struggling power utility that reported major financial losses last week announced two weeks ago that it would not be paying bonuses due to its financial difficulties, just as unions seemed amenable to the rest of Eskom’s latest proposed wage increase package. Its financial results released last week showed that sales fell in 2017, with losses incurred amounting to R2.3bn. The utility has two wage increase options that workers are yet to respond to due to the differences over bonuses. In Option A, the entity’s management proposed 7% wage increases for three years, with housing allowance hikes dependent on the inflation rate. Option B is 7.5% in 2018 and 7% in 2...
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