The United National Transport Union (UNTU) and Transnet today signed a wage agreement at the Transnet Bargaining Council for a 5% wage increase backdated to 1 April 2021 for Transnet employees.
The signing of this agreement brings stability to the state-owned enterprise after it faced a prolonged national strike from Organised Labour after Branches rejected the previous final wage offer.
Steve Harris, General Secretary of UNTU, says the overwhelming majority of UNTU Branches voted in favour of the revised final offer Portia Derby, Chief Executive Officer, of Transnet presented to try and avert a strike.
UNTU Branches mandated UNTU President Hendrik Fourie and Harris to sign on their behalf.
The summary of the final wage settlement for the 2021/2022 financial year is:
- 5% wage increase on basic salary,
- The parties agree to commence consultations on the restructuring of the business by
no later than thirty (30) days after signing of this agreement.
- Organised Labour and Transnet will engage within 30 days from the signing of the Agreement to search for a universal affordable medical cover for all Transnet employees,
- Employees will be encouraged to take all their annual leave,
- No forced retrenchments will apply for the duration of this agreement.
Find attached the signed agreement.SKM_C30816122913160
