On Friday, trade union Solidarity will ask the labour court to place the metal and engineering industries bargaining council under administration, in a bid to save it from bankruptcy. This is due to an ongoing financial crisis affecting the bargaining council over the past few of years, as well as the inability of parties in the council to come to an agreement on a number of issues. About 340,000 employees and 10,000 companies fall under the bargaining council. "Urgent steps have to be taken to improve the bargaining council’s financial position to ensure its future," Marius Croucamp, deputy general secretary at Solidarity, said on Thursday. He said the bargaining council’s financial position had deteriorated to such an extent that the bargaining council had been unable to perform its dispute resolution function for some time. Solidarity will request that an administrator be appointed to enable to bargaining council to become solvent again, and that it’s funds and bank accounts are ...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.