Transnet revealed that it has agreed to pay deal with majority union in South Africa port strike.
According to a report by Seatrade Maritime News, Port and rail Transnet stated that United Transport and Allied Trade Union (UNTU) (representing the majority of workers on strike) has agreed to a new wage deal which was proposed on Friday.
Quoted by the local press, they revealed that “Transnet and the company’s majority union UNTU reached a three-year wage agreement today, applicable for the period 1 April 2022 to 31 March 2025, in a process mediated by the Commission for Conciliation, Mediation, and Arbitration (CCMA). This ends the current industrial action by UNTU members with immediate effect,”
The deal, which is effective from April 2022, will feature a 6% increase for the current financial year, a 5.5% raise next year, and another 6% in 2024. The union had also taken issue with Transnet’s failure to assure them that there would be no redundancies. Therefore, the offer was rejected by the other union involved in the strike over the weekend.
The strike started on October 6th and heavily disrupted South Africa’s Port and Rail network. As a result, Transnet Port Terminals declared force majeure. Things are expected to return to normal now that everything has been sorted out.
