Transnet has committed to resolving the current wage negotiation impasse at the state rail and ports authority.<\/p>\n
Transnet and unions have been locked in wage negotiations since May this year and the deadlock has now been referred to the Transnet Bargaining Council for resolution.<\/p>\n
\u201cIt is unfortunate that the parties could not reach an amicable settlement and that a dispute certificate has now been issued by the Transnet Bargaining Council. Transnet remains committed to continuing engagements with the unions to resolve the dispute and reach an amicable settlement,\u201d a Transnet statement read.<\/p>\n
Transnet said it is offering workers the following:<\/p>\n
\u2022\tAn increase of 1.5% on all pensionable elements of remuneration which does not include an increase in medical aid subsidy and housing allowance. The increase will be effective from the 1st of the month following signature of the agreement,<\/p>\n
\u2022\tNo forced retrenchments during the currency of the agreement, but Transnet will reorganise, redeploy and reskill employees who might be affected by positions that no longer exist<\/p>\n
\u2022\tImplementation of unique and tailored productivity incentive schemes for the bargaining unit employees per operating division, with potential additional earnings of up to 16% of earnings, in addition to the negotiated salary increase. The effective date of this scheme is 1 April 2022.<\/p>\n<\/p>\n
\u201cWhile management has revised its initial offer, the unions have not offered a revised proposal. Their position remains unchanged from the previous rounds of wage negotiations, with a demand for a 12% increase on annual guaranteed pay, as well as other demands which add up to a total increase in labour costs of 21%.<\/p>\n
\u201cTransnet\u2019s offer, which the company believes is reasonable and fair, takes into account affordability and the company\u2019s current liquidity position. Transnet\u2019s wage bill in the 2021 financial year was 61% of operating expenditure, which is unsustainable.<\/p>\n
\u201cThe company is implementing various initiatives intended to improve operational and financial performance, and ensure business sustainability,\u201d Transnet said.<\/p>\n<\/p>\n<\/p>\n
Source: South African Government News Agency<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
Transnet has committed to resolving the current wage negotiation impasse at the state rail and ports authority.Transnet and unions have been locked in wage negotiations since May this year and the deadlock has now been referred to the Transnet Bargaini…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"yoast_head":"\n