Johannesburg – Following four months of negotiations, union members working in the steel industry will benefit from a 7% wage increase.
The settlement agreement was signed on Wednesday by unions Solidarity and the National Union of Metalworkers of South Africa (Numsa), among others, and the federation of employers, the Steel and Engineering Industries Federation of South Africa (Seifsa).
The increase covers all hours worked and related allowances. The agreement comes into effect from July 1 2017 and June 30 2018. An increase of 6.75% will come into effect for the following period and a 6.5% increase is agreed to for the period between July 2019 and June 2020.