Employers in the steel sector have signed an above-inflation multi-term wage deal with the largest union, potentially setting a precedent for future labour agreements and raising operational costs for the embattled sector.

The National Union of Metalworkers of SA (Numsa), which speaks for the majority of workers in the Metals and Engineering Industries Bargaining Council, framed the three-year deal as “progressive”. It will secure wage increases of 7%, 6% and 6% a year over each of the three years, beating the prevailing consumer inflation rate of 5.3%...

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.