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Johannesburg - Trade unions are considering a new wage increase offer from telecommunications company Telkom [JSE:TKG], they said on Friday.
"At a special meeting held at the Commission for Conciliation, Mediation and Arbitration (CCMA), telecommunications giant Telkom today made a new two-year wage offer of 6.5% for this year and an increase of CPI (consumer price index) plus 1% for 2012," Solidarity, the Communication Workers' Union and the SA Communications Union said in a joint statement.
Telkom also offered to increase the employees' profit sharing to 18%, the unions said.
The unions still wanted a one-year wage agreement for an increase of between 7.5% and 8%.
"The trade unions are currently considering the new wage offer, after which a complete mandating process will follow."
Last week Telkom had offered a wage increase of 5% for April to September this year, and an additional percentage point increase for the period October 2011 to March 2012.
It offered an increase of consumer price inflation plus 1% for 2012.
The unions rejected that offer.
"At a special meeting held at the Commission for Conciliation, Mediation and Arbitration (CCMA), telecommunications giant Telkom today made a new two-year wage offer of 6.5% for this year and an increase of CPI (consumer price index) plus 1% for 2012," Solidarity, the Communication Workers' Union and the SA Communications Union said in a joint statement.
Telkom also offered to increase the employees' profit sharing to 18%, the unions said.
The unions still wanted a one-year wage agreement for an increase of between 7.5% and 8%.
"The trade unions are currently considering the new wage offer, after which a complete mandating process will follow."
Last week Telkom had offered a wage increase of 5% for April to September this year, and an additional percentage point increase for the period October 2011 to March 2012.
It offered an increase of consumer price inflation plus 1% for 2012.
The unions rejected that offer.
