Eskom says unaffordable deal will add R1bn to wage bill
Increase of 7% signed with unions is ahead of the expected inflation rate
05 July 2022 - 14:20
UPDATED 05 July 2022 - 23:23
Union leaders have signed a 7% across-the-board wage deal with Eskom, adding R1bn-plus to the salary bill of the cash-strapped state-owned company and ending a weeklong wildcat strike that deepened SA’s electricity supply crisis.
The pay hike agreement, which is above the headline inflation rate of 5.9% forecast by the Reserve Bank for 2022, will also see about 28,374 Eskom employees in the bargaining unit getting a R400 increase in the housing allowance...
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Commenting is subject to our house rules.
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now