Steel and engineering stakeholders want pay hike extended to nonparties
Those not party to the deal employ 190,000 people — and some say they cannot afford it
05 September 2022 - 19:05
Stakeholders in the steel and engineering industry have called on labour & employment minister Thulas Nxesi to gazette and extend a multiterm pay hike deal signed in 2021 to nonparties, after a crippling strike that cost the sector R600m in lost output.
The Steel and Engineering Industries Federation of Southern Africa (Seifsa) and the National Union of Metalworkers of SA (Numsa), among other unions, signed a three-year wage agreement in October 2021 for workers to get annual increases of 6% until end-2024. The Reserve Bank has forecast an inflation rate of 6.5% for 2022...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.