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Strike ends with 10% wage hike

Jul 17 2011 14:32 Sapa

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Johannesburg - The National Union of Metalworkers SA (Numsa) has agreed to a settlement offer by the Steel and Engineering Industries Federation of SA (Seifsa) and other employers, the union said on Sunday.

Numsa secretary general Irvin Jim said the union's national executive committee had discussed the "improved benefits" on Sunday and decided that workers needed to return to work within the next 48 hours.

The settlement included a possible wage increase of 10 percent for general workers.

About 170 000 workers from Numsa, the Metal and Electrical Workers Union, and the SA Equity Workers Association started a countrywide strike two weeks ago. They demanded wage increases of 10% to 13% and a ban on labour brokers.

Several other unions from the chemical, transport, petroleum and energy sectors joined the strike last week.

 

 
 
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It pays to know the cost and what you’re getting in return
May 28 2012 09:33

Investors may not have a clue what they’re paying their money managers or they type of service they’re getting, or, whether they can actually negotiate lower fees. (Reuters)

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