Today's Labour News

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UNTUEngineering News reports that the United National Transport Union (UNTU) has signed a 7.1% wage increase agreement for its members at state-owned freight group Transnet for the next three years.  

The agreement has been backdated to 1 April 2018 and the housing allowance and the medical aid allowance will also be increased by 7.1%.  The union indicated that Transnet had agreed that there would be no forced retrenchments in the next three years.  Wyndham Evans, President of UNTU, commented:  “UNTU believes this wage agreement is the best organised labour could reach, bearing in mind the difficult financial situation Transnet and the country finds itself in after the international rating agency, Standard & Poor’s, downgraded the State-owned enterprise rating to junk status in November last year.”

Read this report in full at Engineering News

Read the union’s press statement in this regard at UNTU News

Get other news reports at the SA Labour News home page