Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

Deadlock over Eskom salaries

May 06 2009 20:22

Related Articles

Eskom needs R130bn injection

BEE, Eskom priorities for Zuma

Eskom to issue bonds of R12bn

SA power savings impress

 

Top Stories

Greece at last approves austerity measures

Feb 13 2012 07:58

Greek lawmakers have approved a new round of drastic austerity measures after a long day of street battles between police and protesters left dozens injured.

What to do with R200K?

Feb 13 2012 07:41

A reader gets advice on quick returns on a lump sum.

Financial mess 'unintended', says Nedbank

Feb 12 2012 15:59

Moral hazard, financial weapons of mass destruction, a huge mess - these were the words used by a founder member to sum up the collapse of the Pinnacle Point Group.

 
Share Share line Print

Johannesburg - Trade union Solidarity on Wednesday said wage negotiations with South African power utility Eskom had reached a deadlock.

This follows the first official round of wage negotiations where Eskom offered a wage increase of 5.5% against Solidarity's request for a 16% pay rise.

The trade union now demanded that the electricity supplier review its wage offer and that Eskom bring a new, workable mandate from management to the next round of negotiations.

"Eskom laid the blame for the poor wage offer on the current and planned expansion of the company's power plants and the shortage of funding," said Solidarity in a statement.

Solidarity said while it believes that the development of power stations is now urgently needed, the company cannot neglect its extremely valuable and knowledgeable employees.

According to Eskom's 2008 annual report, the company needed more than 1 400 new employees in critical, core and scarce skills for 2009 alone.

By 2013, the company will have to have appointed a total of almost 3 000 additional employees in critical, core and scarce skills.

"Eskom competes for skills in the industry with countries such as China and India, and poor salaries and wage increases such as those now being offered by Eskom will definitely not attract employees to the company. Instead, this will eventually lead to experts rather looking for work elsewhere," said Solidarity spokesperson Jaco Kleynhans.

"Solidarity had great expectations for this year's wage negotiations with the company, but the current wage offer is far below the current inflation figure. Meanwhile, Solidarity also has evidence that management received wage increases of 25% last year and that is exactly why the current offer of 5.5% is unacceptable," Kleynhans said.

Solidarity also intends to tackle "current problems with contract work at Eskom".

It said the poor quality of contract work at Eskom is costing the electricity supplier millions.

Wage negotiations are scheduled to resume in two weeks.

- I-Net Bridge

 
 
Comment on this story
0 comments
Comments have been closed for this article.
Facebook still a closed book in China
Feb 08 2012 16:59

Mark Zuckerberg wants to ''friend'' China's massive market but how far is he prepared to go, and against what competition?

Attie

Whilst doing my regular book browsing at Exclusive Books just before Christmas 2011 a book with the simple title “My Book” caught my eye. Paging through the book I saw nothing else but wild life photographs with accompanying quotations by either the author or another well-known person. ... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...