Eskom wage negotiations to resume

2011-07-21 08:27

Wage negotiations between state-owned power utility Eskom and the National Union of Mineworkers (NUM) are set to resume today, the union said.

Spokesperson Lesiba Seshoka said talks would continue after the union rejected a five-and-a-half percent increase offer last night.

The NUM was demanding a 16% increment.

Additional points of contention were the issue of a minimum service level agreement and Eskom’s shift from a defined benefit pension scheme to a defined contribution scheme.

A defined benefit scheme ensures a certain payout at retirement, while in a defined contribution plan the amount is dependent on the amount contributed as well as investment performance.

“We appeal to Eskom to not test our patience this year. We are very impatient people and we are nursing our patience this year,” said energy sector coordinator for NUM, Job Matsepe.

Eskom said it would comment on the matter later in the day.

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